The phrase "amount equal to the deduction" is correct and usable in written English.
It can be used in contexts related to finance, accounting, or taxation when discussing the equivalence of a specific amount to a deduction made.
Example: "The total expenses for the year resulted in an amount equal to the deduction allowed by the tax authorities."
Alternatives: "sum matching the deduction" or "value corresponding to the deduction".
(ii) Include in income for the year following the year in which the deduction was claimed an amount equal to the amount of the deduction that is disallowed.
In the case of an individual, there shall be allowed as a deduction an amount equal to the qualified retirement contributions of the individual for the taxable year.
Taxpayers who itemize their deductions are allowed a deduction equal to the interest paid on residential mortgages, meaning taxpayers save an amount equal to the mortgage interest paid multiplied by their marginal tax rate.
The company creates a subsidiary shell company into which it puts two assets, the right to take a deduction at a future date and an amount of cash equal to the deduction.
By taking this deduction, a taxpayer reduces his tax bill by a sum equal to the amount of tuition multiplied by his rate of tax.
In the case of a small business refiner (as defined in section 45H(c)(1)) which elects the application of this section, there shall be allowed as a deduction an amount equal to 75percentt of qualified costs (as defined in section 45H(c)(2)) which are paid or incurred by the taxpayer during the taxable year and which are properly chargeable to capital account.
The deduction equivalent of credits from a passive activity for any taxable year is the amount which (if allowed as a deduction) would reduce the regular tax liability for such taxable year by an amount equal to such credits.
"(2) amounts equal to amounts expended annually out of the fund.
Every taxpayer gets to take a deduction equal to the GREATER OF the "standard deduction" or the sum of the taxpayer's itemized deductions (things like mortgage interest, real estate taxes, charitable contributions, and yes, medical expenses).
Facebook will take a tax deduction equal to the amount that the employees take into income — in this case, almost $2 billion.
At the end of the three years, the amount paid in premiums was equal to the amount paid in claims.
