26 U.S.C. § 262 — Personal, living, and family expenses

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 70 words · no verdicts yet

in plain englishAI-generated · not legal advice

Personal, living, and family expenses generally cannot be deducted from taxes. This applies unless another part of this chapter clearly allows it. For a person's home, the charge for basic service on the first phone line always counts as a personal expense.

(a) General rule. Unless another part of this chapter clearly says otherwise, no deduction is allowed for personal, living, or family expenses. (b) Treatment of certain phone expenses. For this rule, an individual's charge - including any taxes on it - for basic local phone service on the first phone line at any of the taxpayer's homes always counts as a personal expense, and so cannot be deducted.

the actual law source: uscode.house.gov ↗public domain

(a) General rule

Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.

(b) Treatment of certain phone expenses

For purposes of subsection (a), in the case of an individual, any charge (including taxes thereon) for basic local telephone service with respect to the 1st telephone line provided to any residence of the taxpayer shall be treated as a personal expense.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 76; Pub. L. 100–647, title V, § 5073(a), Nov. 10, 1988, 102 Stat. 3682.)

history & why it existsrecord from the source credit

1954Enacted · Act of Aug. 16, 1954, ch. 736
1988Amended · Pub. L. 100-647 · 102 Stat. 3682

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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