Title 26, Internal Revenue CodeRelease 119-102
§7504 Fractional Parts of a Dollar
Title 26 › Subtitle F — Procedure and Administration › CHAPTER 77 — MISCELLANEOUS PROVISIONS › § 7504
Summary
The Secretary can make rules to ignore cents under 50¢ on tax credits, refunds, or collections; 50¢+ rounds to $1.
Full Legal Text
Title 26, §7504
Internal Revenue Code, Source: USLM XML via OLRC
The Secretary may by regulations provide that in the allowance of any amount as a credit or refund, or in the collection of any amount as a deficiency or underpayment, of any tax imposed by this title, a fractional part of a dollar shall be disregarded, unless it amounts to 50 cents or more, in which case it shall be increased to 1 dollar.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.
Reference
Citations & Metadata
Citation
26 U.S.C. § 7504
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102