SWing'R Posted January 17, 2010 Report Share Posted January 17, 2010 (edited) The first time home buyer thread just reminded me that if you bought a NEW bike or car in 2009 you can deduct the sales tax on your federal return!Has to be NEW. We bought TWO new bikes in '09, yay.http://www.soundmoneymatters.com/new-car-tax-credit/Here's a link to the IRS form you can use to claim this credit, its a form that lets you INCREASE your standard deduction by including the sales tax from your new vehicle...http://www.irs.gov/pub/irs-pdf/f1040sl.pdf Edited January 17, 2010 by SWing'R Quote Link to comment Share on other sites More sharing options...
ohdaho Posted January 17, 2010 Report Share Posted January 17, 2010 Thats awesome...I didnt know about the new car tax credit. Just bought a new cage in november. Quote Link to comment Share on other sites More sharing options...
optimoprime Posted January 17, 2010 Report Share Posted January 17, 2010 nice i just bought my bike this year so this should work out. Quote Link to comment Share on other sites More sharing options...
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