# Treas. Reg. § 1.241-1: Allowance of special deductions.

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-1.241-1>. Interprets 26 U.S.C. § 241.

A corporation, in computing its taxable income, is allowed as deductions the items specified in Part VIII (section 242 and following), Subchapter B, Chapter 1 of the Code, in addition to the deductions provided in part VI (section 161 and following) Subchapter B, Chapter 1 of the Code.