general deductions
Defined in 1 place of the United States Code.
The term “general deductions” means the deductions provided in part VI of subchapter B (sec. 161 and following, relating to itemized deductions) and in part I of subchapter D (sec. 401 and following, relating to pension, profit sharing, stock bonus plans, etc.).
Source
- 1994–present26 U.S.C. § 848Internal Revenue Code · Capitalization of certain policy acquisition expenses · for purposes of this section