This deduction is a major win for any private jet owner. According to the NBAA, the deduction allows owners to take out 100% of their depreciation at a faster rate. Before, a private aircraft owner could only take out a certain percentage of their bonus depreciation. Meaning, they would have to write the costs off each and every year, spreading the savings out over a period of time.
Thanks to the tax saving, an aircraft owner can now take out all of their bonus depreciation at one time. This saves them from losing value as the aircraft depreciates year over year.