2011 Bonus Depreciation
In December 2010, President Obama signed into law H.R. 4853, increasing bonus depreciation for new business aircraft to 100%. By integrating your business aircraft into a trade or business, you can generate tremendous tax savings by substantially deducting all of the operating expenses, in addition to 100% of the purchase price of the aircraft in 2011.
Following is an example of what this savings could mean to you with Piper's M-Series Aircraft:
| Model | Purchase Pirce | Depreciation Expense | Potential Income Tax Savings |
|---|---|---|---|
| Meridian | $2,180,000 | $2,180,000 | $872,000 |
| Mirage | $1,188,000 | $1,188,000 | $475,200 |
| Matrix | $1,037,700 | $1,037,700 | $415,080 |
Check with your tax professional to find out how these savings apply to your situation, or contact us for more information. We can put you in contact with aviation tax professionals who can make this benefit work for you.
