Title 26 (Internal Revenue Code)

Title 26 of the United States Code, also known as the Internal Revenue Code (IRC), is the comprehensive federal tax law in the U.S. It outlines how income, deductions, credits, and various taxes are calculated and enforced. This title governs personal income tax, corporate tax, estate tax, and more, detailing responsibilities for individuals, businesses, and tax-exempt organizations. The IRC provides the legal framework for the Internal Revenue Service (IRS) to collect taxes and administer tax laws, ensuring compliance and regulation of the tax system. It’s essential for understanding how taxes affect citizens and the economy.