Skip to content
Home Motorcycle Law New Motorcycle in 2009? Do Not Forget Your Tax Break
New Motorcycle in 2009? Do Not Forget Your Tax Break PDF Print E-mail
Written by George Tait   
Wednesday, 17 February 2010 00:00

Taxpayers who purchased a new car, motorcycle, light truck or mobile home on or after February 17, 2009, and before January 1, 2010, can deduct sales taxes for the first $49,500 of the purchase price. You don't need to itemize to claim this deduction.You can claim the sales-tax deduction even if you participated in the federal "cash-for-clunkers" program, says Amy McAnarney, executive director of H&R Block's Tax Institute.

tax break for new motorcycle

The AMA (American Motorcyclist Association) has a good review of the law regarding this tax deduction.  In speaking with my accountant the deduction is legitimate and welcome.  If you are having your taxes done by someone else or you are doing them yourself do not forget this deduction!

Trackback(0)
Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
 

Motorcycle Helmet Poll

Should all motorcycle riders be required by law to wear motorcycle helmets?
 

Subscribe to Updates

RSS feed icon