Business Aircraft and Depreciation

BY BEN BERGER

When I read the article “ Deductibility of Business Aircraft ” ( JofA , Jul.03, page 57), I was surprised the depreciation issue was not discussed. In light of recent tax law changes, taxpayers may be allowed significant depreciation deductions if the aircraft is used for business purposes. Tax savings from such a significant deduction may be a key factor in determining whether or not it makes sense to purchase a jet.

Ben Berger, CPA
Manager
American Express Tax and Business Services Inc.
Timonium, Maryland

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