If you’ve been considering purchasing an aircraft, now is the time to act. Thanks to the IRS Section 168(k) bonus depreciation provision, buyers of new and pre-owned aircraft may be able to write off 100% of the purchase price in the first year the aircraft is placed into service. This creates a unique opportunity for individuals and businesses to maximize tax savings while investing in the freedom, efficiency, and flexibility that private aviation provides.
Normally, businesses must depreciate an aircraft purchase over several years, spreading out deductions. Bonus depreciation, however, allows owners to accelerate the process—deducting the entire cost of qualifying assets immediately. For aircraft owners, this means the ability to shelter significant income in the year of purchase.
Immediate Tax Savings – Deduct up to 100% of the aircraft purchase price in the year it enters service.
Applies to New & Pre-Owned Aircraft – Both factory-new and pre-owned aircraft (meeting certain requirements) may qualify.
Offsetting Business Income – Perfect for business owners, executives, and entrepreneurs seeking efficient tax planning strategies.
Leverage in Aircraft Ownership – More buyers in the market means stronger resale values and investment security.
The 100% bonus depreciation allowance won’t last forever. Under current tax law, bonus depreciation is scheduled to phase out in the coming years, dropping from 100% to 80% and continuing downward annually. Acting now ensures you take full advantage of today’s tax benefits.
At Axis Jet, our aircraft sales professionals have guided hundreds of buyers through the purchase process, including structuring transactions to maximize available tax advantages. Whether you’re considering a light jet, midsize, or large cabin aircraft, we’ll help you identify the right fit for your needs and connect you with trusted aviation tax experts to ensure compliance.
Ready to explore your options?
Contact Axis Jet today to discuss available aircraft and learn how you can benefit from 100% bonus depreciation while it’s still available.