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Could Jet Rental Be Tax Deductible?

...ther stack of receipts that account for your business-related travel expenses accrued from the use of air charters can be a valuable source of tax deductions for your corporation. When you take a trip to a foreign country solely for the purpose of conducting business, then you are allowed to take a tax deduction for all of your travel costs, which includes the airfare and other transportation costs as well as hotels, and you can also deduct half the cost of your meals. During times of escalating business costs, this deduction can make charter flights pay for themselves, saving your corporation much in cash outlay.

It is poss...more

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