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Section 179 Expensing and phase-out amounts as of
January 1, 2008:
- Maximum expensing under Section 179 -
$128,000
- Phase-out of Section 179 begins at
$510,000
- Maximum equipment purchase - $638,000
The following table illustrates the amount of
tax depreciation available on the purchase of a $500,000
aircraft in 2008:
|
Purchase Price - $500,000 |
|
Tax Year |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
|
Potential Tax
Deductions due to depreciation * |
202,400 |
119,040 |
71,424 |
42,854 |
42,854 |
21,427 |
|
Potential Income
Tax Savings due to depreciation* |
80,960 |
47,616 |
28,570 |
17,142 |
17,142 |
8,571 |
|
*
Potential tax depreciation includes
Section 179 Expensing
*
Potential income tax savings
computed based on 40% combined federal and state
marginal income tax rates.
For various aircraft depreciation
examples, click here. |
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