URGENT NOTICE:
The economic stimulus package signed into law
include benefits for purchasers of new motorcycles.
To answer your question of what Motorcycle qualifies for a tax deduction, it is as follows:
1. Must be purchased from February 17 through Jan. 1, 2010
2. Bike must be less than 8,500 lbs Gross Vehicle Weight
3. Cost less than $49,500
4. You must make less than $125,000 in gross taxable income ($250,000 for joint filers)
5. Deduction is phased out for taxpayers with modified adjusted gross income
between $125,000 and $135,000 ($250,000 and $260,000 in the case of a joint return).
6. If you meet the criteria, you will be able to deduct the sales tax and excise tax.”
