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General rule

1 rule

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There shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtedness.

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Encodings · 1

interest_deduction26 USC § 163 (a) · derived

26 USC 163(a)

name: interest_deduction
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 163(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/163
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/26/163
versions:
  - effective_from: '2026-01-01'
    formula: interest_paid_or_accrued_within_taxable_year_on_indebtedness

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statutes/26/163/a.yaml

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Rules

interest_deduction

Derived

source: 26 USC 163(a)

- name: interest_deduction
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 163(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/163
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/163
  versions:
    - effective_from: '2026-01-01'
      formula: interest_paid_or_accrued_within_taxable_year_on_indebtedness

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us/statute/26/163/a — General rule · Axiom