{"data":{"id":"us/26-cfr-1.261-1","jurisdiction":"us","citation":"26 CFR 1.261-1","heading":"-1 General rule for disallowance of deductions.","body":"In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.","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":"1b03d5f4b8a30d7687eb9449e60efcee05b127a831a669aaecf221974651a975","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.250-b-6","next":"us/26-cfr-1.262-1"},"notice":"GroundRules: Original legal text. Not legal advice."}