How to Calculate Your Truck’s IRS 2290 HVUT? Are you an owner of a trucking industry? Does your heavy vehicle gross weight exceed 55,000 pounds? Then you need to pay Highway Tax to the IRS. An individual who operates a business or trades using a heavy vehicle needs to pay Federal Excise Tax and file HVUT Form 2290 with the IRS.

Doesn’t know how to calculate 2290 truck tax? Don’t worry! We will let you know how the truck tax calculated accordingly with the taxable gross weight. Moreover, you’ll get to know about when the taxes are due to the IRS, and the circumstances to claim the HVUT paid on the heavy vehicle.

What is 2290 Heavy Vehicle Use Tax?

2290 HVUT is a Federal Excise Tax paid by the owners of the taxable vehicles using public highways for transportation. Heavy Vehicle Use Tax is the annual fee assessed on large commercial or agricultural vehicles weighing 55,000 pounds on more. The reason behind collecting excise taxes is that heavy vehicles create more wear and tear on the nation’s highways. To maintain the national transportation system, heavy vehicle owners are responsible to pay truck taxes. The IRS uses the truck taxes to repair and maintain roadways, bridges, etc within the United States. Moreover, report 2290 tax paid on Form 2290 filing online.

How to calculate 2290 Excise Tax?

According to the IRS, 2290 truck tax calculated based on:

Gross weight of the vehicle

The vehicle’s taxable gross determined by adding the actual vehicle’s weight, unloaded weight of trailers, and weight of the maximum load carried by the vehicle. As the taxable gross weight of the vehicle increases, the truck tax also increases.

Mileage limit of the vehicle

The basic number of miles a heavy vehicle uses the public roads in a tax period for transportation considered as “Mileage limit of the vehicle”. Mileage limits help in determining whether the vehicle is taxable or tax-exempt

Vehicle category

As we know, heavy vehicles are of three kinds commercial vehicles, agricultural vehicles, and logging vehicles. Based on the vehicle category the truck taxes are imposed. Compared to commercial or agricultural vehicles, logging vehicles pay nearly 25% less than Highway Tax.

How much you need to pay the IRS on Form 2290?

You can estimate how much you owe to the IRS this tax year before e-filing Form 2290 using the HVUT calculator. Tax calculations are made easy online with the help of 2290 tax calculator. Figure out how much taxes you need to pay the IRS using Form 2290 with the help of the below table:

Taxable gross weight of the vehicleHeavy Vehicle Use Tax
Vehicles with gross weight below 55,000 poundsTax-exempted vehicles. No HVUT imposed.
Heavy Vehicles weighing 55,000 poundsTaxable vehicle;
$100 per vehicle;
Vehicles weighing in between 55,000 – 75,000 poundsTaxable vehicles;
$100 plus $22 per increase in 1,000 pounds over 55,000 Pounds;
Heavy vehicles weighing over 75,000 poundsTaxable vehicle;
$550 per vehicle;

When 2290 taxes are due to the IRS?

As per the IRS guidelines, the due dates are different for newly purchased vehicles and already existing vehicles.

Newly Purchased Vehicles

For newly purchased heavy vehicles like trucks, tractors, agricultural machinery, 2290 tax is due to the IRS by the last date of the FUM. For example, if the FUM of your heavy vehicle is May 2021, then truck taxes are due to the IRS by June 31st, 2021.

Already Existing Vehicles

The trucking industries which operate heavy vehicles on public highways must pay road taxes every year. Fiscal year to pay truck taxes starts from July 1st of the current year and end in June 30th of the following year. Annually, the trucker must pay 2290 excise taxes to the IRS by August 31st.

Can I get my 2290 HVUT back?

Yes. If you meet anyone one of the following circumstances, then you can get 2290 Heavy Vehicle Use Tax back:

  • If your heavy vehicle didn’t end up traveling 5,000 or 7,500 miles during the tax period.
  • When you transfer or sell the truck after paying Highway Tax for the current tax period.
  • If your heavy vehicle was stolen after filing Form 2290 and paying Federal Excise tax for a tax period.
  • When the vehicle was totaled due to manufacturing problems during the tax year.
  • Mistakenly overpaid tax dues for the same vehicle in the same tax period.

Form 2290 is an IRS-certified e-file provider. We help you by providing 100% accurate results in calculating 2290 taxes online. Key in the necessary details and we summarize how much you owe to the IRS in minutes.

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