A bill to amend section 162 of the Internal Revenue Code of 1954 with respect to the deductibility of expenses for the purpose of procuring employment.

Summary

Allows a taxpayer to deduct all ordinary expenses paid or incurred in seeking employment during the taxable year. Provides that such taxpayer does not have to be unemployed at the time the expense is paid or incurred. (Amends 26 U.S.C. 162(h))

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Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1973

  Open at official source

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