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Tourer
Posts: 460
| Hello All
I read on this site that there is a form you give to your taxman to claim the sales tax on your Vision. Is this for real or is it a dream I had last night.  |
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Cruiser
Posts: 81
Lynnwood, WA | Not a dream.... Here is what I found on the IRS website:
Deduction for Sales and Excise Taxes Imposed on Purchase of New Motor Vehicles
In 2009, you can deduct the state or local sales and excise taxes imposed on the purchase of a qualified motor vehicle after February 16, 2009, and before January 1, 2010. A qualified motor vehicle includes a passenger automobile, light truck, or motorcycle, the original use of which begins with that purchaser and that has a gross vehicle weight rating of 8,500 pounds or less. A qualified motor vehicle also includes a motor home, the original use of which begins with that purchaser. The amount of tax you are able to deduct is limited to the tax that is imposed on the first $49,500 of the purchase price of the vehicle. The deduction is phased out over a $10,000 range that begins when modified adjusted gross income is more than $125,000 ($250,000 if married filing a joint return). No deduction is allowed when modified adjusted gross income is equal to or more than $135,000 ($260,000 if married filing a joint return). The new deduction can be used to increase the amount of your standard deduction or you can take it as an itemized deduction (if you are not electing to take the state and local general sales tax deduction).
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Puddle Jumper
Posts: 45
San Antonio Texas | So, Had to make sure the bike weighed less than 8,500 lbs
I am hoping to see something like this for 2010. I am getting close to being able
to order my Vision. The IRS finially published the revised form to get the $8000.00
rebate. SENT MINE OFF TODAY!!!
JB
Edited by lonestarmedic 2010-01-19 2:24 PM
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Cruiser
Posts: 105
Columbia, TN United States | Sorry I posted it the way I did. I should have started a new thread. It was the angle I used to convince my wife that we needed to buy the bike before the end of the year. I will get $1500 back, pretty sweet!! |
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GET YOUR SALES TAX BACK FOR YOUR VISION ON YOUR INCOME TAX
