The phrase "allow a deduction" is correct and usable in written English.
It can be used in contexts related to finance, taxes, or any situation where a reduction in an amount is permitted.
Example: "The new tax law will allow a deduction for charitable contributions made during the year."
Alternatives: "permit a deduction" or "grant a deduction".
The final tax bill will allow a deduction of up to $10,000 in state and local taxes.
The House would still allow a deduction of $10,000 for property taxes, but that's a pittance for Trump's properties.
House Republicans want to eliminate some of those benefits but allow a deduction of up to $10,000 on property taxes.
The Blueprint asserts that continuing to allow a deduction for net interest expense in addition to providing a full deduction for an initial outlay would be distortive and result in a tax subsidy for debt-financing.
The federal government should allow a deduction of up to $250,000 against ordinary income for investments in qualified small businesses; the deductions should phase out if the investment by the taxpayer exceeds $800,000 for the year.
The ideal would be a formal axiomatic structure that would allow a deduction of the empirical generalizations which, combined with statements of initial conditions, permit a deduction of particular empirical facts (thus explaining their truth).
The majority first attempts to distinguish Nyquist on the ground that Minnesota makes all parents eligible to deduct up to $500 or $700 for each dependent, whereas the New York law allowed a deduction only for parents whose children attended nonpublic schools.
The Senate bill is less generous, allowing a deduction of 23percentt of their income from taxable income.
Although the statute also allows a deduction for the tuition expenses of children attending public schools, Minnesota public schools are generally prohibited by law from charging tuition.
Before Obamacare, Americans facing high medical expenses were allowed a deduction to the extent that those expenses exceeded 7.5percentt of adjusted gross income (AGI).
A conference committee report said that "it is desirable to encourage charitable gifts" by allowing a deduction against earned income for gifts of appreciated property.
