Triumphrat

AZfun

I believe there’s a tax credit for new motorcycles purchased only in 2009 (part of the stimulus package). Can anybody elaborate on this? I see my accountant on Friday.

Thatch

http://www.amadirectlink.com/news/story.asp?id=792

engage

If you make less than $125K ($250K for joint filers), then you can deduct the sales and excise tax you paid. MI is a 6.5% sales tax state, so a purchasing a $15K bike in 2009 would result in $975 of sale tax. That amount can be deducted from you gross income before taxes are calculated, i.e., its a deduction, not a credit.

Just bring purchase documentation with you when you see you tax guy.

AZfun

Good Stuff...thanks!

Monkey

I wish this would apply to us poor cold Canadians whom don't get to ride usually more than 7 months of the year!!

Getting the itch

margatebuddy

Move to BC!