Ends tax write-offs for most private plane expenses
A new bill would stop most businesses and individuals from deducting costs related to owning or operating private planes on their taxes. This means fewer tax breaks for private jet owners, though planes used for cargo, farming, or public services would still get deductions. These changes would start for expenses paid after December 31, 2025.
Today, taxpayers can generally deduct many business expenses related to private planes, including costs for buying, maintaining, operating, and depreciation. After this bill, most of these deductions would no longer be allowed for private fixed-wing aircraft. However, planes used for specific public services or commercial activities like cargo transport, agriculture, or public air travel would still qualify for deductions.
HR 8644 · 119th Congress · April 30, 2026 · AI Summary by gemini-2.5-flash · 9/10
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