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Aircraft Depreciation Benefits and Considerations

Congress has chosen to allow taxpayers to write off the cost of their aircraft on an accelerated basis.  Business aircraft used for private purposes (non-commercial) can be depreciated using 5-year MACRS rates providing they meet certain requirements.  The rapid tax depreciation provides significant after-tax cash flow.  From time to time, as is the case now, Congress allows taxpayers additional accelerated depreciation in the form of special 50% bonus depreciation for new business aircraft.

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For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For a single Turboprop Aircraft costing less than $2,000,000 – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft costing more than $2,000,000 – $10,000 per year

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Suzanne Meiners-Levy


Joseph Quackenbush

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Richard Yan

Managing Attorney

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