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Tag: Aircraft Depreciation
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The bill HR 7024 seeks to reinstate 100% Bonus Depreciation for aircraft owners, with widespread industry impact. While passed in the House, it faces uncertainty in the Senate due to political agendas. Both parties seek to gain strategic wins, leaving the bill’s fate uncertain before the April 15th deadline.
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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…
