Bonus Depreciation 2024 Aircraft. If you purchase an aircraft in 2024 you may deduct 60% of the purchase price of the aircraft on your 2024 tax returns using bonus depreciation. Notably for aircraft purchases, the plan extends the allowance of a 100 percent bonus depreciation deduction for property placed in service after december 31, 2022, and.

The 100% bonus depreciation for new airplane sales stays 100% in 2023 and then goes to 80% in 2024, 60% in 2025, 40% in 2026, 20% in 2027 and is gone in 2028. As of january 1, 2023, the allowable amount will reduce to 80%, 60% in 2024, 40% in 2025, and 20% by 2026.