26 USC § 212 - Expenses for production of income

---
identifier: "/us/usc/t26/s212"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 212 - Expenses for production of income"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "212"
section_name: "Expenses for production of income"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "B"
subchapter_name: "Computation of Taxable Income"
part_number: "VII"
part_name: "ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 69.)"
---


# § 212. Expenses for production of income

In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—

**(1)** for the production or collection of income;

**(2)** for the management, conservation, or maintenance of property held for the production of income; or

**(3)** in connection with the determination, collection, or refund of any tax.

---

**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 69.)

## Statutory Notes and Related Subsidiaries

### Denial of Deduction for Amounts Paid or Incurred on Judgments in Suits Brought To Recover Price Increases in Purchase of New Principal Residence

No deductions to be allowed in computing taxable income for two-thirds of any amount paid or incurred on a judgment entered against any person in a suit brought under , see , set out as a note under .