Your answer will depend on the intended purpose of the motorcycle (business
or personal).
If
you are using the motorcycle for business (income generating) purposes, such
as a self-employment activity like being a delivery courier, or if you are renting motor bikes to tourists and this is part of your inventory, for example, then you may be entitled to a
tax deduction (called a Section 179 deduction) for the vehicle purchase (there are lots of rules and "what ifs" that go along with
this). Ongoing expenses, such as costs of operation can also be
tax-deductible as ordinary business expenses.
If you are using
the motorcycle for personal transportation or recreation, then your answer changes, because there is no federal tax deduction specific to motorcycles.
However if you live in a state where you paid sales tax on your new motorcycle,
and if you also itemize your tax deductions (on Form 1040, Schedule A)
rather than taking the standard deduction, then the sales tax cost of
the bike can be separately added to the rest of your sales taxes paid this year, in
order to calculate your allowable sales tax deduction. So that could
be a possible tax benefit.
You would find this section, in TurboTax, among
the Deductions & Credits portion of the interview. Please see the
attached screen-capture image for an illustration. You can also type the words "sales tax car" into the Find / Search box on your TurboTax screen, and then click the Jump To link that should appear beneath -- that will take you to the appropriate TurboTax page. Please see the screen-capture image attached to the bottom of this answer for a visual reference.
Finally, please also bear in mind that this
answer addresses federal tax benefits only, as certain states (like
California) or even some local taxing jurisdictions, may also offer tax
benefits or breaks on their own (including, perhaps reduced registration
or licensing fees) for purchasing and driving certain low-emissions vehicles, like motorcycles.
Thanks for asking your question, and please ride safely.
