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Aircraft Tax Benefits Calculator

Estimate tax deductions through depreciation, interest, operating expenses, and Section 179 deduction. Compare depreciation methods and project 5-year tax benefits.

How to Use This Calculator

  1. Enter your aircraft cost, business use percentage, and financing details
  2. Specify expected annual operating expenses
  3. Choose depreciation method (MACRS, Straight-Line, or Section 179)
  4. Review 5-year projections showing annual deductions and tax savings
  5. Export your analysis for discussion with your tax advisor

Aircraft & Business Details

Purchase price including modifications (e.g., $750,000)
Percentage used for business (e.g., 80%)
MACRS provides faster deductions; consult tax pro
Amount elected under Section 179 (if applicable)

Annual Operating Expenses

Expected annual fuel expenses
Scheduled maintenance, inspections
Hull and liability insurance
Storage facility costs
Interest paid on aircraft loan
Crew, tie-down, fees, etc.
Estimated federal + state tax rate

Year 1 Summary

Year 1 Depreciation
$0.00
Operating Deductions
$0.00
Total Year 1 Deductions
$0.00
Est. Tax Savings
$0.00

5-Year Projection

5-Year Deductions
$0.00
5-Year Tax Savings
$0.00
Remaining Basis
$0.00

5-Year Tax Projection

Year Depreciation Operating Deductions Total Deductions Tax Savings Remaining Basis

About These Deductions

Depreciation: The IRS allows deductions for the decline in aircraft value. MACRS accelerates deductions in early years; straight-line spreads evenly. Section 179 may allow immediate deduction of qualified property.

Operating Expenses: Fuel, maintenance, insurance, and hangar costs are generally deductible if the aircraft is used for business. Repairs and improvements have different treatment.

Interest Deductions: Interest on business debt (aircraft loan) is typically deductible. Personal use interest may not be deductible.

Business Use Percentage: Only business-use costs are deductible. Personal use is not deductible.

Important Disclaimer: This calculator provides estimates for planning purposes only and does not constitute tax advice. Tax treatment of aircraft ownership varies based on your specific circumstances, entity type (individual, LLC, S-corp, etc.), and the intended use of the aircraft. Depreciation methods, Section 179 eligibility, and deduction limitations change based on tax law. Consult with a qualified tax professional or CPA before making aircraft purchase decisions or tax planning choices. The IRS may challenge certain deductions if proper documentation is not maintained.

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