adjusted taxable income
Defined in 4 places of the United States Code.
For purposes of subparagraph (A), the term “adjusted taxable income” means taxable income increased by the sum of—
(i) the amount allowed for the taxable year under paragraph (1) or (2) of section 1211(b), and
(ii) the deduction allowed for such year under section 151 or any deduction in lieu thereof.
Source
- 201326 U.S.C. § 1212Internal Revenue Code · Capital loss carrybacks and carryovers · in this section
For purposes of subparagraph (A), the term "adjusted taxable income" means taxable income increased by the sum of—
(i) the amount allowed for the taxable year under paragraph (1) or (2) of section 1211(b), and
(ii) the deduction allowed for such year under section 151 or any deduction in lieu thereof.
For purposes of the preceding sentence, any excess of the deductions allowed for the taxable year over the gross income for such year shall be taken into account as negative taxable income.
Source
- 1994–present26 U.S.C. § 1212Internal Revenue Code · Capital loss carrybacks and carryovers · in this section
For purposes of this subsection, the term "adjusted taxable income" means the taxable income of the taxpayer—
(A) computed without regard to—
(i) any item of income, gain, deduction, or loss which is not properly allocable to a trade or business,
(ii) any business interest or business interest income,
(iii) the amount of any net operating loss deduction under section 172,
(iv) the amount of any deduction allowed under section 199A, and
(v) in the case of taxable years beginning before January 1, 2022, any deduction allowable for depreciation, amortization, or depletion, and
(B) computed with such other adjustments as provided by the Secretary.
Source
- 2017–202526 U.S.C. § 163Internal Revenue Code · Interest · under this chapter
For purposes of this subsection, the term “adjusted taxable income” means the taxable income of the taxpayer—
(A) computed without regard to—
(i) any item of income, gain, deduction, or loss which is not properly allocable to a trade or business,
(ii) any business interest or business interest income,
(iii) the amount of any net operating loss deduction under section 172,
(iv) the amount of any deduction allowed under section 199A,
(v) any deduction allowable for depreciation, amortization, or depletion, and
(vi) the amounts included in gross income under sections 951(a), 951A(a), and 78 (and the portion of the deductions allowed under sections 245A(a) (by reason of section 964(e)(4)) and 250(a)(1)(B) by reason of such inclusions), and
(B) computed with such other adjustments as provided by the Secretary.
Source
- 2025–present26 U.S.C. § 163Internal Revenue Code · Interest · under this chapter
The term “adjusted taxable income” means taxable income determined—
(i) without regard to the deduction determined under this subsection,
(ii) without regard to any carryforward or carryback to such taxable year, and
(iii) by increasing gross income by an amount equal to the net exempt income for the taxable year.
Source
- 1994–present26 U.S.C. § 833Internal Revenue Code · Treatment of Blue Cross and Blue Shield organizations, etc. · in this section
The term “adjusted taxable income” means taxable income determined without regard to—
(A) any amount paid to an employee-owner which is includible in the gross income of such employee-owner, and
(B) any net operating loss carryover to the extent such carryover is attributable to amounts described in subparagraph (A).
Source
- 1994–present26 U.S.C. § 280HInternal Revenue Code · Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years · for purposes of this section
The term “adjusted taxable income” means the taxable income of the taxpayer—
(i) computed without regard to—
(I) any deduction allowable under this chapter for the net interest expense,
(II) the amount of any net operating loss deduction under section 172, and
(III) any deduction allowable for depreciation, amortization, or depletion, and
(ii) computed with such other adjustments as the Secretary may by regulations prescribe.
Source
- 1994–200526 U.S.C. § 163Internal Revenue Code · Interest · under this chapter
The term “adjusted taxable income” means the taxable income of the taxpayer—
(i) computed without regard to—
(I) any deduction allowable under this chapter for the net interest expense,
(II) the amount of any net operating loss deduction under section 172,
(III) any deduction allowable under section 199, and
(IV) any deduction allowable for depreciation, amortization, or depletion, and
(ii) computed with such other adjustments as the Secretary may by regulations prescribe.
Source
- 2005–201726 U.S.C. § 163Internal Revenue Code · Interest · under this chapter