For income tax purposes,pension plan sponsors deduct the amount of the

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Pension plan sponsors are allowed to deduct the amount of the plan contribution they make. This deduction reduces their taxable income. Pension expense and service cost are not deductible for income tax purposes. The net amortization and deferral are components of pension expense that are not deductible separately but are included in the deductible plan contribution.

For Income Tax Purposes,pension Plan Sponsors Deduct the Amount of the