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You are here: Home / Archives for 50% bonus depreciation

BUSINESS AIRCRAFT AND TAX REFORM: 2017 OUTLOOK

Potential Cuts to Business Taxes May Make Deductions More Valuable This Year

One of the central promises of the new administration has been long-awaited tax reform. President  Trump has promised imminent executive action outlining the tax reform priorities that he will pursue, and with a Republican Congress in place, some version of tax reform is likely either in 2017 or in early 2018[1]. While it is difficult to “read tea leaves” there are some commonalities between the Congressional tax reform agenda and the campaign promises of the President that signal significant relevant changes to corporate and small business taxation.

 » Read more about: BUSINESS AIRCRAFT AND TAX REFORM: 2017 OUTLOOK  »

Filed Under: Aircraft Income Tax, LowerMiddle, Tax Planning Tagged With: 50% bonus depreciation, accelerated depreciation, tax rates

BONUS DEPRECIATION AND ENHANCED §179 EXPENSING EXTENDED TO 2015 AND BEYOND

  • 179 Expensing Election of $500,000; phase out starts when equipment purchases exceed $2,000,000.
  • 50% Bonus depreciation for factory new equipment

 

In a welcome display of good governance, Congress this year has largely broken its recent routine of allowing important tax incentives to expire with the start of each new year, only to retroactively reinstate those provisions as year-end approaches—leaving taxpayers during the interim on tenterhooks, guessing what tax laws they will be subject to.

 » Read more about: BONUS DEPRECIATION AND ENHANCED §179 EXPENSING EXTENDED TO 2015 AND BEYOND  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, Front Page Tagged With: 50% bonus depreciation, aircraft bonus depreciation, aircraft depreciation, aircraft tax, aviation tax, bonus depreciation, section 179, section 179 deduction

Latest Article

Corporate Jet Investor Town Hall – Finance, Tax and All That Jazz (Webinar Replay)

View a replay of the town hall by clicking the video above, or following the link here.

As you know, these are unprecedented times for business aviation. We invite you to join the Corporate Jet Investor Town Hall as a way of staying connected and informed during this period.

Moderated by Alasdair Whyte, co-founder Corporate Jet Investor, each week CJI will tackle a different issue or topic through the knowledge of as many expert participants as possible.

 » Read more about: Corporate Jet Investor Town Hall – Finance, Tax and All That Jazz (Webinar Replay)  »

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Privacy Policy. Terms of Use.