Gaynor Nathalie

Aircraft Bonus Depreciation 2024. Notably for aircraft purchases, the plan extends the allowance of a 100 percent bonus depreciation deduction for property placed in service after december. Starting in 2023, the owner can still deduct 80% of the cost of an aircraft put into service in that year.

If a taxpayer signs a contract to. 100% bonus depreciation applies to new and used aircraft placed in service after september 27, 2017, and before january 1, 2023.the purchase of most, but not all, new.