§ 1.262-1 Personal, living, and family expenses.
Amended 1988
- 1988 Pub. L. 100-647 Pub. L. 100–647 amended section generally. Prior to amendment, section read as follows: “Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.”
Cases: United States v. Correll, 389 U.S. 299 (1967); Sharon v. Commissioner, 66 T.C. 515 (1976); Commissioner v. Stidger, 386 U.S. 287 (1967)
Final rules 1
(a) General rule Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.
Cited by 2
(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.