# 26 U.S.C. § 642: Special rules for credits and deductions

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t26_s642

## Section

- **Citation:** 26 U.S.C. § 642
- **Heading:** Special rules for credits and deductions
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter J—Estates, Trusts, Beneficiaries, and Decedents > PART I—ESTATES, TRUSTS, AND BENEFICIARIES > Subpart A—General Rules for Taxation of Estates and Trusts

## Text

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.

( Aug. 16, 1954, ch. 736 , 68A Stat. 215 ; Pub. L. 87–834, § 13(c)(2)(A) , Oct. 16, 1962 , 76 Stat. 1034 ; Pub. L. 88–272, title II, § 201(d)(6)(A) , (B), Feb. 26, 1964 , 78 Stat. 32 ; Pub. L. 89–621, § 2(a) , Oct. 4, 1966 , 80 Stat. 872 ; Pub. L. 91–172, title II, § 201(b) , title VII, § 704(b)(2), Dec. 30, 1969 , 83 Stat. 558 , 669; Pub. L. 92–178, title III, § 303(c)(4) , title VII, §§ 701(b), 702(b), Dec. 10, 1971 , 85 Stat. 522 , 561, 562; Pub. L. 94–455, title XIV, § 1402(b)(1)(J) , (2), title XIX, §§ 1901(b)(1)(H)(i), 1906(b)(13)(A), 1951(c)(2)(B), title XX, § 2009(d), title XXI, § 2124(a)(3)(B), Oct. 4, 1976 , 90 Stat. 1732 , 1791, 1834, 1840, 1896, 1917; Pub. L. 94–528, § 1(a) , Oct. 17, 1976 , 90 Stat. 2483 ; Pub. L. 95–30, title I, § 101(d)(9) , May 23, 1977 , 91 Stat. 134 ; Pub. L. 95–600, title I, § 113(a)(2)(B) , Nov. 6, 1978 , 92 Stat. 2778 ; Pub. L. 97–34, title II, § 212(d)(2)(D) , Aug. 13, 1981 , 95 Stat. 239 ; Pub. L. 98–369, div. A, title IV, § 474(r)(17) , title X, § 1001(b)(8), (e), July 18, 1984 , 98 Stat. 843 , 1011, 1012; Pub. L. 99–514, title I, § 112(b)(2) , title III, § 301(b)(6), title VI, § 612(b)(3), Oct. 22, 1986 , 100 Stat. 2108 , 2217, 2250; Pub. L. 101–239, title VII, § 7811(j)(3) , Dec. 19, 1989 , 103 Stat. 2411 ; Pub. L. 101–508, title XI , §§ 11801(c)(6)(B), 11812(b)(9), Nov. 5, 1990 , 104 Stat. 1388–524 , 1388–535; Pub. L. 103–66, title XIII , §§ 13113(d)(2), 13261(f)(2), Aug. 10, 1993 , 107 Stat. 429 , 539; Pub. L. 104–188, title I, § 1704(t)(8) , Aug. 20, 1996 , 110 Stat. 1887 ; Pub. L. 107–134, title I, § 116(a) , Jan. 23, 2002 , 115 Stat. 2439 ; Pub. L. 113–295, div. A, title II, § 202(a) , Dec. 19, 2014 , 128 Stat. 4024 ; Pub. L. 115–97, title I, § 11041(b) , Dec. 22, 2017 , 131 Stat. 2082 ; Pub. L. 115–141, div. U, title IV, § 401(a)(137) , Mar. 23, 2018 , 132 Stat. 1190 .)

## Nearby sections

- [26 U.S.C. § 641 Imposition of tax](https://www.frixlaw.com/law-library/statutes/usc_t26_s641.md)
- [26 U.S.C. § 642 Special rules for credits and deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s642.md)
- [26 U.S.C. § 643 Definitions applicable to subparts A, B, C, and D](https://www.frixlaw.com/law-library/statutes/usc_t26_s643.md)
- [26 U.S.C. § 644 Taxable year of trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s644.md)
- [26 U.S.C. § 645 Certain revocable trusts treated as part of estate](https://www.frixlaw.com/law-library/statutes/usc_t26_s645.md)
- [26 U.S.C. § 646 Tax treatment of electing Alaska Native Settlement Trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s646.md)
- [26 U.S.C. § 651 Deduction for trusts distributing current income only](https://www.frixlaw.com/law-library/statutes/usc_t26_s651.md)
- [26 U.S.C. § 652 Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only](https://www.frixlaw.com/law-library/statutes/usc_t26_s652.md)
- [26 U.S.C. § 661 Deduction for estates and trusts accumulating income or distributing corpus](https://www.frixlaw.com/law-library/statutes/usc_t26_s661.md)
- [26 U.S.C. § 662 Inclusion of amounts in gross income of beneficiaries of estates and trusts accumulating income or distributing corpus](https://www.frixlaw.com/law-library/statutes/usc_t26_s662.md)
- [26 U.S.C. § 663 Special rules applicable to sections 661 and 662](https://www.frixlaw.com/law-library/statutes/usc_t26_s663.md)
- [26 U.S.C. § 664 Charitable remainder trusts](https://www.frixlaw.com/law-library/statutes/usc_t26_s664.md)
- [26 U.S.C. § 665 Definitions applicable to subpart D](https://www.frixlaw.com/law-library/statutes/usc_t26_s665.md)
- [26 U.S.C. § 666 Accumulation distribution allocated to preceding years](https://www.frixlaw.com/law-library/statutes/usc_t26_s666.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t26_s642. Check the current official text before relying on it. Not legal advice.