Tax Breaks for those who buy motorcycles in 2009?
Posted: Fri Feb 13, 2009 1:15 pm
Via CNN:
http://money.cnn.com/2009/02/13/news/ec ... 2009021312Temporary 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.