Author: Christopher Durst
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While many aircraft buyers in 2023 will be ‘stuck’ with 80% Bonus Depreciation for Aircraft they acquired this year, many taxpayers are unaware that they may still be eligible for the 100% Bonus Depreciation deduction. If you ordered an aircraft before January 1, 2023 and are taking delivery of the aircraft before January 1, 2024,…
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The Secret is Out – You don’t have to pay sales tax on your Aircraft Purchase in California!
The Secret is Out – You don’t have to pay sales tax on your aircraft purchase in California.
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A common mistake made by people buying aircraft is that they only worry about their ‘home’ state when it comes to sales tax on aircraft…
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The year is quickly coming to a close (Good Riddance 2020) and so are the HUGE tax advantages that Congress granted to taxpayers considering an aircraft purchase. While, 100% Bonus Depreciation is not a new concept for educated aircraft buyers, the additional opportunities presented by the CARES Act, may have slipped past even the most…
