CH. 1—NORMAL TAXES AND SURTAXES
45
(1) a son, stepson, daughter, or stepdaughter of the taxpayer (within the meaning of this section), and (2) a student (within the meaning of section 151(e)(4)), amounts received as scholarships for study at an educational institution (as defined in section 151(e)(4)) shall not be taken into account in determining whether such individual received more than half of his support from the taxpayer. SEC. 153. DETERMINATION OF MARITAL STATUS. For purposes of this part— (1) The determination of whether an individual is married shall be made as of the close of his taxable year; except that if his spouse dies during his taxable year such determination shall be made as of the time of such death; and (2) An individual legally separated from his spouse under a decree of divorce or of separate maintenance shall not be considered as married. SEC. 154. CROSS REFERENCES. (1) For definitions of "husband" and "wife", as used in section 152 (b)(4), see section 7701(a) (17). (2) For deductions of estates and trusts, in lieu of the exemptions under section 151, see section 642(b). (3) For exemptions of nonresident aliens, see section 873(d). (4) For exemptions of citizens deriving income mainly from sources within possessions of the United States, see section 931(e).
PART VI—ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS ,, '•3
Sec. 161. Allowance of deductions. Sec. 162. Trade or business expenses. Sec. 163. Interest. Sec. 164. Taxes. Sec. 165. Losses. Sec. 166. Bad debts. Sec. 167. Depreciation. Sec. 168. Amortization of emergency facilities. Sec. 169. Amortization of grain-storage facilities. Sec. 170. Charitable, etc., contributions and gifts. Sec. 171. Amortizabie bond premium. See. 172. Net operating loss deduction. Sec. 173. Circulation expenditures. Sec. 174. Research and experimental expenditures. Sec. 175. Soil and water conservation expenditures.
SEC. 161. ALLOWANCE OF DEDUCTIONS.
In computing taxable income under section 63(a), there shall be allowed as deductions the items specified in this part, subject to the exceptions provided in part IX (sec. 261 and following, relating to items not deductible). SEC. 162. TRADE OR BUSINESS EXPENSES. (a) IN GENERAL.—There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including— (1) a reasonable allowance for salaries or other compensation for personal services actually rendered; § 162(a)(1)
�
