Internal Revenue Code · 26 U.S.C.
§ 212. Expenses for production of income
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 212
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 3 subsections · 70 words · about 1 min to read
- Cross-references
- cites 0; cited by 12 Code sections and 43 other regulations
- Regulations
- 1 issued under this section
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
¶(1) for the production or collection of income;
¶(2) for the management, conservation, or maintenance of property held for the production of income; or
¶(3) in connection with the determination, collection, or refund of any tax.
(Aug. 16, 1954, ch. 736, 68A Stat. 69.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 212
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
Cited by 12 Code sections
- § 62(a)(4) Adjusted gross income defined
- § 164(a)(4) Taxes
- § 183(c) Activities not engaged in for profit
- § 197(c)(1)(B) Amortization of goodwill and certain other intangibles
- § 265(a)(1) Expenses and interest relating to tax-exempt income
- § 274(a)(2)(B) Disallowance of certain entertainment, etc., expenses
- § 404(g)(2) Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan
- § 469(c)(6)(B) Passive activity losses and credits limited
- § 860C(b)(1)(D) Taxation of residual interests
- § 988(e)(3)(B) Treatment of certain foreign currency transactions
- § 1275(b)(3) Other definitions and special rules
- § 6421(e)(2)(A) Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes
Cited in 43 regulations not issued under it
- § 1.1(i)-1T Questions and answers relating to the tax on unearned income certain minor children (Temporary).
- § 1.53-3 Separate rule for pass-through of jobs credit.
- § 1.61-5 Allocations by cooperative associations; per-unit retain certificates—tax treatment as to cooperatives and patrons.
- § 1.62-1T Adjusted gross income (temporary).
- § 1.67-1T 2-percent floor on miscellaneous itemized deductions (temporary).
- § 1.67-2T Treatment of pass-through entities (temporary).
- § 1.67-3 Allocation of expenses by real estate mortgage investment conduits.
- § 1.67-3T Allocation of expenses by real estate mortgage investment conduits (temporary).
- § 1.127-1 Amounts received under a qualified educational assistance program.
- § 1.132-5 Working condition fringes.
- § 1.162-3 Materials and supplies.
- § 1.164-1 Deduction for taxes.
- § 1.164-2 Deduction denied in case of certain taxes.
- § 1.183-1 Activities not engaged in for profit.
- § 1.183-2 Activity not engaged in for profit defined.
- § 1.197-2 Amortization of goodwill and certain other intangibles.
- § 1.211-1 Allowance of deductions.
- § 1.262-1 Personal, living, and family expenses.
- § 1.263(a)-1 Capital expenditures; in general.
- § 1.263(a)-2 Amounts paid to acquire or produce tangible property.
- § 1.263(a)-3 Amounts paid to improve tangible property.
- § 1.265-1 Expenses relating to tax-exempt income.
- § 1.267(a)-1 Deductions disallowed.
- § 1.274-4 Disallowance of certain foreign travel expenses.
Show 19 more
- § 1.367(a)-2 Exceptions for transfers of property for use in the active conduct of a trade or business.
- § 1.419-1T Treatment of welfare benefit funds. (Temporary)
- § 1.643(a)-5 Tax-exempt interest.
- § 1.702-1 Income and credits of partner.
- § 1.703-1 Partnership computations.
- § 1.851-7 Certain unit investment trusts.
- § 1.860C-2 Determination of REMIC taxable income or net loss.
- § 1.988-1 Certain definitions and special rules.
- § 1.989(a)-1 Definition of a qualified business unit.
- § 1.1366-1 Shareholder's share of items of an S corporation.
- § 1.1385-1 Amounts includible in patron's gross income.
- § 1.1411-0 Table of contents of provisions applicable to section 1411.
- § 1.1411-4 Definition of net investment income.
- § 1.9006-1 Interest and penalties in case of certain taxable years.
- § 48.4082-4 Diesel fuel and kerosene; back-up tax.
- § 48.6421-4 Meaning of terms.
- § 301.7610-1 Fees and costs for witnesses.
- § 302.1 Statutory provisions and Executive order; section 212 of the International Claims Settlement Act, and Executive Order 10644.
- § 302.1-6 Interest and penalties.
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter B Computation of Taxable Income
- Part VII ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS
Nearby sections
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Statutory Notes and Related Subsidiaries
Denial of Deduction for Amounts Paid or Incurred on Judgments in Suits Brought To Recover Price Increases in Purchase of New Principal Residence
No deductions to be allowed in computing taxable income for two-thirds of any amount paid or incurred on a judgment entered against any person in a suit brought under section 208(b) of Pub. L. 94–12, see section 208(c) of Pub. L. 94–12, set out as a note under section 44 of this title.