What Happened
Tax Breaks For Business Aircraft Buyers Clarified
The Internal Revenue Service has issued new guidance on bonus depreciation for aircraft, which may allow some buyers to claim 100% bonus depreciation even if they signed purchase agreements before January 20, 2025. The guidance follows the passage of the One Big Beautiful Bill Act of 2025, which permanently reinstated 100% bonus depreciation for qualifying property, including new and used aircraft. According to the National Business Aviation Association, aircraft owners should review their situation with an aviation-experienced tax advisor to determine eligibility. This development was first reported by AeroTime.