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26 U.S.C. § 218 — Repealed. Pub. L. 95–600, title I, § 113(a)(1), Nov. 6, 1978, 92 Stat. 2778]
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 92–178, title VII, § 702(a), Dec. 10, 1971, 85 Stat. 561; amended Pub. L. 93–625, §§ 11(d), 12(b), Jan. 3, 1975, 88 Stat. 2120; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, related to contributions to candidates for public office.
A prior section 218 was renumbered [section 226 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section226&num=0&edition=prelim).
#### Effective Date of Repeal
Repeal effective with respect to contributions the payment of which is made after Dec. 31, 1978, in taxable years beginning after such date, see section 113(d) of Pub. L. 95–600, set out as an Effective Date of 1978 Amendment note under [section 24 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section24&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-26/section-218-repealed-pub-l-95600-title-i-113-a-1-nov-6-1978-92-stat-2778--006bd9875c.md
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Source location: Title 26, Chapter 1, § 218; chapter-001-normal-taxes-and-surtaxes.md
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### Statutory Notes
Section, added Pub. L. 92–178, title VII, § 702(a), Dec. 10, 1971, 85 Stat. 561; amended Pub. L. 93–625, §§ 11(d), 12(b), Jan. 3, 1975, 88 Stat. 2120; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, related to contributions to candidates for public office.
A prior section 218 was renumbered [section 226 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section226&num=0&edition=prelim).
#### Effective Date of Repeal
Repeal effective with respect to contributions the payment of which is made after Dec. 31, 1978, in taxable years beginning after such date, see section 113(d) of Pub. L. 95–600, set out as an Effective Date of 1978 Amendment note under [section 24 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section24&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
For deductions in respect of a decedent, see section 691.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 226
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Allowance of credit** There shall be allowed as a credit against the tax imposed by this chapter for the taxable year with respect to each qualifying child of the taxpayer for which the taxpayer is allowed a deduction under section 151 an amount equal to $1,000.
**(b) Limitations**
(1) **Limitation based on adjusted gross income** — The amount of the credit allowable under subsection (a) shall be reduced (but not below zero) by $50 for each $1,000 (or fraction thereof) by which the taxpayer’s modified adjusted gross income exceeds the threshold amount. For purposes of the preceding sentence, the term “modified adjusted gross income” means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933.
(2) **Threshold amount** — For purposes of paragraph (1), the term “threshold amount” means—
(A) $110,000 in the case of a joint return,
(B) $75,000 in the case of an individual who is not married, and
(C) $55,000 in the case of a married individual filing a separate return.
For purposes of this paragraph, marital status shall be determined under section 7703.
**(c) Qualifying child** For purposes of this section—
(1) **In general** — The term “qualifying child” means a qualifying child of the taxpayer (as defined in section 152(c)) who has not attained age 17.
(2) **Exception for certain noncitizens** — The term “qualifying child” shall not include any individual who would not be a dependent if subparagraph (A) of section 152(b)(3) were applied without regard to all that follows “resident of the United States”.
**(d) Portion of credit refundable**
(1) **In general** — The aggregate credits allowed to a taxpayer under subpart C shall be increased by the lesser of—
(A) the credit which would be allowed und
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 24
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Foreign tax credit allowed** An estate or trust shall be allowed the credit against tax for taxes imposed by foreign countries and possessions of the United States, to the extent allowed by section 901, only in respect of so much of the taxes described in such section as is not properly allocable under such section to the beneficiaries.
**(b) Deduction for personal exemption**
(1) **Estates** — An estate shall be allowed a deduction of $600.
(2) **Trusts**
(A) *In general* — Except as otherwise provided in this paragraph, a trust shall be allowed a deduction of $100.
(B) *Trusts distributing income currently* — A trust which, under its governing instrument, is required to distribute all of its income currently shall be allowed a deduction of $300.
(C) *Disability trusts*
(i) *In general* — A qualified disability trust shall be allowed a deduction equal to the exemption amount under section 151(d), determined—
(I) by treating such trust as an individual described in section 68(b)(1)(C),11 See References in Text note below. and
(II) by applying section 67(e) (without the reference to section 642(b)) for purposes of determining the adjusted gross income of the trust.
(ii) *Qualified disability trust* — For purposes of clause (i), the term “qualified disability trust” means any trust if—
(I) such trust is a disability trust described in subsection (c)(2)(B)(iv) of section 1917 of the Social Security Act ([42 U.S.C. 1396p](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1396p&num=0&edition=prelim)), and
(II) all of the beneficiaries of the trust as of the close of the taxable year are determined by the Commissioner of Social Security to have been disabled (within the meaning of section 1614(a
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 642
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Federal law — U.S. Code and appendices · legal_authorities
Page 948
TITLE 26—INTERNAL REVENUE CODE
[§ 218
EFFECTIVE DATE OF 1969 AMENDMENT
Pub. L. 91–172, title II, § 231(d), Dec. 30, 1969, 83 Stat.
580, as amended by Pub. L. 91–642, § 2, Dec. 31, 1970, 84
Stat. 1880; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095,
provided that: ‘‘The amendments made by this section
[enacting section 82 of this title and amending this sec-
tion and sections 1001 and 1016 of this title] shall apply
to taxable years beginning after December 31, 1969, ex-
cept that—
‘‘(1) section 217 of the Internal Revenue Code of 1986
[formerly I.R.C. 1954] (as amended by subsection (a))
shall not apply to any item to the extent that the
taxpayer received or accrued reimbursement or other
expense allowance for such item in a taxable year be-
ginning on or before December 31, 1969, which was not
included in his gross income; and
‘‘(2) the amendments made by this section shall not
apply (at the election of the taxpayer made at such
time and manner as the Secretary of the Treasury or
his delegate prescribes) with respect to moving ex-
penses paid or incurred before January 1, 1971, in con-
nection with the commencement of work by the tax-
payer as an employee at a new principal place of
work of which the taxpayer had been notified by his
employer on or before December 19, 1969.’’
EFFECTIVE DATE
Section applicable to expenses incurred after Dec. 31,
1963, in taxable years ending after such date, see sec-
tion 213(d) of Pub. L. 88–272, set out as an Effective Date
of 1964 Amendment note under section 62 of this title.
MOVING EXPENSES OF MEMBERS OF THE UNIFORMED
SERVICES
Pub. L. 93–490, § 2, Oct. 26, 1974, 88 Stat. 1466, author-
ized the Secretary of the Treasury, applicable with re-
spect to taxable years ending before January 1, 1976, to:
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 218
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.