Sales and use taxes on aircraft vary drastically from state to state. Some states have no sales and use tax, while others charge a hefty fee. Additionally, each state has different exemptions to the tax. With ever-changing legislation and interpretation of state sales taxes and exemptions, it is important for aircraft owners to understand the…
December 31, 2025 is the Last Day to Place a Business Aircraft in Service toCapture 100% Bonus Depreciation. On July 4, 2025, President Donald Trump signed into law comprehensive tax-and-spending legislation that the White House dubbed the “One Big Beautiful Bill,”reinstating 100% bonus depreciation for qualified business aircraft acquisitionsretroactive to January 20, 2025. 100% bonus…
For aircraft owners who took delivery in 2024 and claimed bonus depreciation, significant tax savings are already in motion. However, with 2025 currently offering 100% bonus depreciation, there’s an opportunity to further enhance those benefits by considering an upgrade. Selling an aircraft that was depreciated using bonus depreciation triggers depreciation recapture, which is taxed as…
We are happy to announce the first recipient of the EAA Aviation Tax Consultants Fred McCarter Scholarship! Originally from Los Angeles, California, Landon Abrar is a devoted first-year San Jose State University student pursuing a degree in Aviation Management. Upon arriving at college, he dedicated himself to getting involved in the aviation community at SKSU and…
