Nyssa Arabelle

Bonus Depreciation 2024 Aircraft Company. Starting in 2023, the owner can still deduct 80% of the cost of an aircraft put into service in that year. Bonus depreciation will then phase down 20 percent per year for five years to a zero bonus.

The remaining 40% would be deducted over the next five years. Understanding the unique tax cuts and jobs act bonus depreciation provisions.