TITLE 26 - INTERNAL REVENUE

CHAPTER I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY

SUBCHAPTER A - INCOME TAX

PART 1 - INCOME TAXES

1.62 - 1 - Adjusted gross income.

  (a)(b) [Reserved] (c) Deductions allowable in computing adjusted gross income. The deductions specified in section 62(a) for purposes of computing adjusted gross income are (1) Deductions set forth in 1.621T(c); and (2) Deductions allowable under part VI, subchapter B, chapter 1 of the Internal Revenue Code, (section 161 and following) that consist of expenses paid or incurred by the taxpayer in connection with the performance of services as an employee under a reimbursement or other expense allowance arrangement (as defined in 1.622) with his or her employer. For the rules pertaining to expenses paid or incurred in taxable years beginning before January 1, 1989, see 1.621T (c)(2) and (f) (as contained in 26 CFR part 1 (1.61 to 1.169) revised April 1, 1992).

  (d) through (h) [Reserved] (i) Effective date. Paragraph (c) of this section is effective for taxable years beginning on or after January 1, 1989.

[T.D. 8451, 57 FR 57668, Dec. 7, 1992; 57 FR 60568, Dec. 21, 1992]