Comment “charter” if you want the details! Under the One Big Beautiful Bill Act (OBBBA), certain tax deductions for charter yachts have been expanded to incentivize maritime business investment. Specifically, owners who place their vessels into legitimate charter service may now depreciate a significant portion of the yacht’s purchase price over a shorter period, provided the vessel is actively chartered and meets the IRS’s criteria for commercial use. This can lead to substantial first-year ded

June 26, 1945: The United Nations Charter Is Signed | Firstpost Rewind