13 Dec

Private Jet Owners Can Look Forward to A Tax Break with New Republican Tax Bill


Private jets aren’t cheap, and the maintenance costs of owning one — such as storage, fueling, pilots, crew and more — pile up quickly. A new Republican tax bill from the Senate will give people who own or lease private planes a break on the amount they pay for private jet maintenance. 

The bill, which was approved last Thursday in the House and is now headed to the Senate, hopes to help businesses and spur more competition while also preventing them from moving overseas.