26 U.S.C. § 212
§ 212. Expenses for production of income
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.