Computation of Taxable Income

Index

• Definition of Gross Income, Adjusted Gross Income, and Taxable Income
• Items Specifically Included In Gross Income
• Items Specifically Excluded From Gross Income
• Tax Exemption Requirements For State and Local Bonds
• Regulations Applicable to Certain Bonds Sold Prior to July 8, 1997
• Deductions For Personal Exemptions
• Itemized Deductions For Individuals and Corporations
• Additional Itemized Deductions For Individuals
• Special Deductions For Corporations
• Items Not Deductible
• Taxable Years Beginning Prior to January 1, 1986
• Terminal Railroad Corporations and Their Shareholders