Tax Benefits

Special Income Tax Savings Available on
Purchase of New Cessna Aircraft!

You may enjoy some tremendous tax incentives offered by the Internal Revenue Code if you utilize your aircraft in your trade or business, despite the fact that bonus depreciation has ended for 2005 purchases. Depreciation laws allow the write off of an aircraft over five years for Federal Aviation Regulations Part 91 operators. With proper planning and compliance of Federal Aviation Regulations and the tax code, an aircraft owner can realize significant tax relief on both income taxes and sales and use taxes.
 
Due to favorable depreciation and interest rates, tax savings can exceed payment costs for the first five years! Click the links below to view detailed tax depreciation for the following aircraft.

 172SP Tax Info
 
182 Tax Info
 
T206 Tax Info

Business use includes: use in existing businesses, new businesses, use as an employee, and with proper elections, tax deductions are available for personal use as well.

With proper planning and documentation, an aircraft owner has an opportunity to avail themselves of the significant incentive provisions included in recent changes in the tax law; and offset tax liability from outside sources. Documentation should be contemporaneous, precise, and maintained with a level of professionalism to comply with both statutory and judicial requirements.
 
This is not intended to constitute tax advice. Your actual tax benefit is dependent upon your specific tax situation and your investment return on applicable first year tax savings. Certain tax rules, such as the passive activity loss rules, listed property limitations, and others may reduce or eliminate the benefits discussed above. Cessna Aircraft Company strongly encourages customers to consult with their tax advisors before making any investment decision based upon tax consequences.