# 26 U.S.C. § 7504: Fractional parts of a dollar

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s7504>. Cite pinpoints as 26 U.S.C. § 7504(a)(1).

The Secretary may by regulations provide that in the allowance of any amount as a credit or refund, or in the collection of any amount as a deficiency or underpayment, of any tax imposed by this title, a fractional part of a dollar shall be disregarded, unless it amounts to 50 cents or more, in which case it shall be increased to 1 dollar.

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 896
- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1834