A bill to amend the Internal Revenue Code of 1954 to allow an itemized deduction for certain salaries.

Amends the Internal Revenue Code to allow as an individual income tax deduction a reasonable allowance for salaries or other compensation for personal services actually rendered but not otherwise deductible paid to any individual during the taxable year. Denies such a deduction for salaries or other compensation paid to: (1) an individual with respect to whom the taxpayer claims a personal exemption deduction; or (2) a child of the taxpayer who has not reached age 19.