IRS Guidance Expands 100% Bonus Depreciation to More Aircraft
The Internal Revenue Service has issued interim guidance on bonus depreciation under Section 168(k) of the US tax code, clarifying how the tax benefit may apply in certain purchase scenarios. The Trump administration's One Big Beautiful Bill Act of 2025 permanently reinstated 100% bonus depreciation for qualifying property, including new and used aircraft acquired and placed in service after January 19, 2025.