Tag Archives: How To Calculate Taxes

For vehicles first used since February 2021, the HVUT Form 2290 partial period tax is now due on March 31.

Dear HVUT filers, the HVUT Form 2290 is now due for a renewal for the Trucks first used since February 01 2021 Period beginning July 1, 2020 through June 30, 2021. Thousands of truckers have e-renewed their HVUT Form 2290 for the current period already. So act before it’s too late to join the e-filer club and receive the IRS digital watermarked copy of schedule 1 as soon as possible.

In this blog lets refresh who should file a 2290 and how the taxes are calculated. There are two important factors that needs to taken into consideration while declaring your truck under a form 2290. Its based on the number of miles driven and the total gross weight of the vehicle

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The HVUT Form 2290 partial period tax is now due for vehicles first used since February 2021

Hello there truckers, Over this article, we are going to discuss the near–term HVUT Form 2290 deadline for vehicles that are into service since February 2021. The Federal law states that Form 2290 must be filed by the last day of the month following the month of its first use. On that basis, March 31, 2021, happens to be the deadline for vehicles first used in February 2021.

Now before you are going to e-file your pro-rated Form 2290, you need to figure out whether your Truck is Taxable or Suspended. Basically, there are 2 types of vehicles reported in Form2290 as follows: So why bring this up now? well, let’s see that.

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Go Easy On Tax Calculations- TruckDues.com

So truckers, how is your day going? Well, at our end, it is all moving smooth and fine. More and more people are coming to our website and filing their prorated tax for previous month and for this month. We all know how efiling is a rescue partner for busy truckers.  As we know, the truck tax is calculated based upon the weight of your vehicle, i.e. if your vehicle weighs more than 55,000 pounds during the taxation year, you are liable to pay taxes.

However, today, we are going to talk about the tax calculations that are required to file form 2290.

The following tabular column will explain you:

    Annual Tax (Vehicles Used During July)
Category Taxable Gross Weight Vehicles Except for Logging Logging Vehicles
A 55,000 $100.00 $75.00
B 55,001-56,000 122.00 91.50
C 56,001-57,000 144.00 108.00
D 57,001-58,000 166.00 124.50
E 58,001-59,000 188.00 141.00
F 59,001-60,000 210.00 157.50
G 60,001-61,000 232.00 174.00
H 61,001-62,000 254.00 190.50
I 62,001-63,000 276.00 207.00
J 63,001-64,000 298.00 223.50
K 64,001-65,000 320.00 240.00
L 65,001-66,000 342.00 256.50
M 66,001-67,000 364.00 273.00
N 67,001-68,000 386.00 289.50
O 68,001-69,000 408.00 306.00
P 69,001-70,000 430.00 322.50
Q 70,001-71,000 452.00 339.00
R 71,001-72,000 474.00 355.50
S 72-001-73,000 496.00 372.00
T 73,001-74,000 518.00 388.50
U 74,001-75,000 540.00 405.00
V Over 75,000 550.00 412.50

Filing Taxes: An Overview

So let’s get started, first, you need to classify your vehicle based upon the category mentioned in the tabular column. If you are filing prorated taxes for your vehicle, then you need to calculate for the months your filing. Say, if October you took your vehicle on the highway for the first time, this November 30th is the last date to file your return depending upon the taxable weight. If your vehicle used only for logging and other forestry purpose, the tax rate would differ.

Also, if you are looking forward for an easiest method to get your taxes paid to IRS, you should try a hand with efiling form 2290 through an authentic and authorized online filing service provider: TruckDues.com.

However, if you are trying to take tax filing manually, you would land up spending lot of your time and energy, involving calculations to be done manually, and eventually, there would be errors to be corrected. In short, it is a messy work to be handled manually. Rather, efiling is the better option.

The best part about efiling is you don’t have to do anything manually other than logging in through your registered account and add in your details about your vehicle. Simply check on “Start A New Return”. Click on Heavy Vehicle Used Tax and fill in the details requested by the application. As you are typing, your info related to your vehicle, you will see your calculated taxes in the next slide in seconds. Also, add this point, the calculations done by our inbuilt application is the most accurate result, which will make you visit TruckDues.com.

Once the return is prepared, you can transmit it to IRS yourself and receive your schedule 1 copy in minutes. You can request for a Text Alert or Fax copy depending upon the availability.

On a conclusive note, when we are growing technically, why do we have to be dependent on paper and pen to deal with tax? Come to TruckDues.com and experience anew.

Get in touch with our Tax Expertise right through email, phone or even chat. Simply dial (347) 515 – 2290 or simply drop in a mail to support@truckdues.com. We are here for you, for better back-end support.

Happy Trucking! – Team TruckDues.com