# 26 U.S.C. § 241: Allowance of special deductions

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s241>. Cite pinpoints as 26 U.S.C. § 241(a)(1).

In addition to the deductions provided in part VI (sec. 161 and following), there shall be allowed as deductions in computing taxable income the items specified in this part.

## Regulations

- [Treas. Reg. § 1.241-1](/26/reg/1.241-1.md): Allowance of special deductions. (interprets § 241)

## Connections

Cites: none

Cited by: § 535 Accumulated taxable income; § 545 Undistributed personal holding company income; § 852 Taxation of regulated investment companies and their shareholders; § 857 Taxation of real estate investment trusts and their beneficiaries

Derived from: 1939 § 26

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 72