The IRS Is Targeting Business Aviation: Are You Ready?

The IRS issued updated guidance on bonus depreciation applicable to some aircraft, clarifying that 100% bonus depreciation may still be available for some aircraft delivered on or after Jan. 20, 2025, when a purchase agreement was executed prior to the date.

NBAA’s business aircraft tax experts offer their insight on what is changing, who operators should reach out to for support and what are the best practices for avoiding potential trouble in the coming year.

From the effects of the Trump administration's massive international tariffs to the challenges of completing aircraft transactions, it's been a pretty crazy year, unlike any we've seen before, in the words of NBAA Tax Committee member David Shannon.

The NBAA Tax Committee has released a new glossary to help flight department and aviation managers understand complex aviation tax, accounting and regulatory terms.