Tax Breaks for those who buy motorcycles in 2009?

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Brackstone · #1 Post by **Brackstone** » Fri Feb 13, 2009 1:15 pm

Via CNN:

Temporary deduction for car buyers: The bill would let those who buy a new car, light vehicle, recreational vehicle or motorcycle in 2009 deduct state and local sales taxes as well as any excise tax charged in the purchase. The deduction would be available to those earning less than $125,000 ($250,000 for joint filers). It will be an above-the-line deduction, meaning even taxpayers who don't itemize may take it in addition to the standard deduction. Estimated cost: $1.7 billion.

http://money.cnn.com/2009/02/13/news/ec ... 2009021312

RhadamYgg · #2 Post by **RhadamYgg** » Fri Feb 13, 2009 1:54 pm

Way cool, for me anyway... But the tax was like 760 bucks.... Not sure in terms of pennies on the dollar I'd get back on that.

Something is better than nothing, though.

RhadamYgg