---
kind: "section"
citation: "26 U.S.C. § 7504"
title: "26"
title_heading: "Internal Revenue Code"
number: "7504"
heading: "Fractional parts of a dollar"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/7504"
units:
  - "Subtitle F — Procedure and Administration"
  - "Chapter 77 — Miscellaneous Provisions"
---

# §7504. Fractional parts of a dollar


The [Secretary](/usc/26/7701.md?p=a-11-B) 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](/usc/26/6211.md?p=a) or [underpayment](/usc/26/6664.md?p=a), 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.


## Source credit

(Aug. 16, 1954, ch. 736, 68A Stat. 896; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)

## Notes

### Editorial Notes

### Amendments

1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.