How to Get a Tax Return for E-bike Purchases

Governments worldwide are getting worried about the environmental impact of their industries as the world shifts to a more sustainable future.

After acquiring a deeper understanding of the country's severe impact on the planet's health, the US government started offering incentives to US citizens to help reduce the country's carbon footprint. One of these tax incentives is meant to make e-bikes and electric motorcycles more affordable for the average American.

With cheaper E-bikes available on the market, citizens can opt to commute to work or school with them instead of their cars or motorcycles, lowering carbon production.

 

The Growing Popularity of E-bikes

E-bikes build upon the concept of regular bikes by adding batteries to increase their power while decreasing the effort required to pedal.

While it's a simple change, it makes tasks like pedaling through difficult terrain or steep hills significantly easier and faster. The ease of use coupled with low costs and tax credits earned by purchasing E-bikes made them a part of the daily life of many Americans.

According to the Media group at Deloitte, E-bike acceptance is growing, with sales expected to reach 130 million by 2023, injecting over $20 billion into the economy while helping reduce the carbon footprint.

 

How The Build Back Better Act Affects E-bike Purchases

Introduced in 2021 by congressman Earl Blumenauer and Jimmy Panetta of the democratic party and passed in November 2021, the bill intends to make citizens leave their motorbikes and cars at home in favor of the cheaper and ecologically friendly E-bikes.

Before the bill, citizens had to pay full price when purchasing an E-bike. However, with the possibility of writing off eligible E-bike acquisitions, congress is pushing for greater adoption of alternatives covered by the bill.

The bill even allows Americans using their E-bikes for work (e.g., couriers) to deduct up to 30% of the E-bike, riding, parking, maintenance, and repair when filing their tax forms.

 

Are You Eligible for a Tax Return?

When it comes to eligibility for tax returns, the current version of the bill offers a 30% tax credit for e-bikes under certain criteria.

Individuals must make at most $75,000 a year to qualify for the maximum tax credit of $900. The bill also allows joint fillers that earn at most $150,000 a year to be eligible for up to two E-bikes per household. However, if you're above this bracket, the act doesn't support your acquisitions yet.

The second requirement is the price. E-bikes must be priced under $4,000 to qualify for the credit offered by the act.

Taxes When Buying an E-bike

While the government is strongly pushing for E-bikes, it doesn't mean they're tax-free.

Many states still employ sales taxes. So it may be worth shopping around states online if you're looking for a deal, as some states like Montana don't employ a sales tax.

 

Where to Find Eligible E-Bikes

If you're looking to save on gas, taxes, and get healthier, picking up an E-bike can ensure you achieve those goals while lowering the planet's carbon. Just look for an E-bike that suits your needs, fits your budget, and gets covered by the act.

You don't need to go far to find the perfect E-bike and get your tax credit. At Mokwheel, all our E-bikes fall under the act's requirements, ensuring you get a quality product for a friendly price. So visit our website today to find safe, reliable, feature-rich, and sturdy E-bikes and accessories at an affordable price!

Hot Selling E-bikes

$600 OFF
Basalt ST - White / Standard
Basalt ST - White / Large
Basalt ST - DarkOrange / Standard
Basalt ST - DarkOrange / Large
Basalt ST - DarkOliveGreen / Standard
Basalt ST - DarkOliveGreen / Large
Basalt ST - JungleCamo / Standard

Basalt ST

Experience the Mokwheel Basalt ST, a step-through, all-terrain e-bike. Featuring solar charging, hydraulic brakes, and torque sensors for a smooth, customized ride, it's perfect for conquering any terrain. Feel the freedom and efficiency.
254 Reviews
Regular price From $1,599.00
Regular price $2,199.00 Sale price From $1,599.00
$600 OFF
Basalt - Grey
Basalt - SteelBlue
Basalt - JungleCamo

Basalt

Discover the Mokwheel Basalt, an affordable all-terrain e-bike with solar charging. Powered by a 750W motor, it delivers electrifying speeds, responsive hydraulic brakes, and torque sensors for a smooth, tailored ride. Perfect for hunting and off-road adventures.
258 Reviews
Regular price From $1,599.00
Regular price $2,199.00 Sale price From $1,599.00
$800 OFF
Obsidian - YellowandBlack
Obsidian - BlackandRed
Obsidian - JungleCamo
Obsidian - YellowandBlack-ys

Obsidian

The Mokwheel Obsidian features a unique shock-absorbing design and an electric assistance system, ensuring you are no longer affected by bumps and can easily handle various road conditions. A great partner for effortless off-road riding!
Regular price From $2,099.00
Regular price $2,899.00 Sale price From $2,099.00

Exclusive Deals Await

Featured Blog Posts

Where to Buy Electric Bikes Near Me? Mokwheel Ebike Dealers Near Me

Read More

How much does an electric bike cost?What to look for when buying an electric bike?

Read More

How Much Is An Electric Bike? How To Choose An Electric Bike?

Read More

How to buy an electric bike? A super-detailed electric bike buyers guide

Read More

share this story:

9 Reasons to Fall in Love with e-Bikes

Relevant Policies

9 Reasons to Fall in Love with e-Bikes

READ MORE

What makes e-bikes so expensive

Relevant Policies

What makes e-bikes so expensive

READ MORE