Using Section 179 for an Aircraft Purchase
The season for making decisions about year-end purchases is here! Did you know that a pre-owned aircraft qualifies for the Section 179 Tax Deduction? The Section 179 deduction is an annual election that allows you to expense up to $500,000; limited to the amount of taxable income earned in the current year.
Talk with your tax professional to see if aircraft ownership is right for your business.
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