{"data":{"id":"us/26-cfr-1.241-1","jurisdiction":"us","citation":"26 CFR 1.241-1","heading":"-1 Allowance of special deductions.","body":"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.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"52b94918b7eb81f463fcd49780b35d39faf698b718dda40042f82bac0cb7cd04","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.224-1","next":"us/26-cfr-1.242-1"},"notice":"GroundRules: Original legal text. Not legal advice."}