 From rallies to rides, demo days, classes, contests, open houses and more - it's all here. Check back every month for the latests news and events from Reynolds. |
To benefit Veterans & Veterans families Golf teams still needed WHEN: Sunday, September 20th, 2009 To sign up contact: Roger (207) 729-3456 Trophies for 1st / 2nd / 3rd |
Sales Tax Deduction for Vehicle Purchases
The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions on Schedule A. Purchases before Feb. 17, 2009, are not eligible for this special deduction.
The deduction is limited to the tax on up to $49,500 of the purchase price of an eligible motor vehicle. The deduction is phased out for joint filers with modified adjusted gross income between $250,000 and $260,000 and other taxpayers with modified AGI between $125,000 and $135,000. See the IRS website click here.
Consult your tax advisor to determine your eligibility for the sales tax deduction
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UNITED BIKERS OF MAINE Since 1975, when United Bikers of Maine was founded, this organization has been an advocate protecting the rights of Maine Motorcyclists. |
