United States IRC sections
Statute section
IRC section 167
Depreciation
Country
United States
Section
167
Updated
2026-05-20
Operative text
Section 167 generally allows depreciation deductions for property used in a trade or business or held for the production of income. Most modern depreciation is computed under the modified accelerated cost recovery system in Section 168 rather than the older Section 167 facts-and-circumstances approach.
Cross-references
26 U.S.C. 16826 U.S.C. 197
Related guides
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- StatuteIRC §168
Cited by
- CaseCommissioner v. Bollinger
- CaseFrank Lyon Co. v. United States
- StatuteIRC §168
- StatuteIRC §179
Primary sources
- 26 U.S.C. section 167Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.