About the tax-free incentive that ends Dec. 31st? - K-Bikes.com - Excellence in Motion
 
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post #1 of 2 (permalink) Old Oct 3rd, 2009, 12:07 pm Thread Starter
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About the tax-free incentive that ends Dec. 31st?

Does anyone know if you put a down payment on a model will that seal the deal before the Dec. 31st. tax-free thing ends? Getting nearly $2000 off my 2009 taxes for a new bike may make it worthwhile, but I'd hate to pre-pay or even buy the thing before I even see one and then it becomes possibly "a lemon bike."

$2000 deduction, or a possible Lemon? Tough decision.


Mack
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post #2 of 2 (permalink) Old Oct 3rd, 2009, 4:03 pm
 
Join Date: Sep 2009
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I am sure the bike has to be purchased and in your name before it qualifies for the tax deduction. It would not make sense any other way.
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