Dear HVUT
filers, the HVUT Form 2290 is now due for a renewal for the Period beginning July 1, 2019 through June 30, 2020. 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.
The HVUT
Form 2290 is generally due by June and its payable until the end of August. The
Form 2290 is basically paid on heavy vehicles with a minimum gross weight of 55000 lbs and the same is been used on
the public highways for commercial, Agricultural & logging purposes. The
taxes are determined by the taxable gross weight of the vehicle as it begins
with 55000 lbs represented by Category A
and it goes until over 75000 lbs represented
by category V.
As per the
IRS guidelines, the tax rate begins at $100
and there will be an increase of $22
for every increase of 1000 lbs. For
logging vehicles, there is a slight concession on the tax due for logging based
units as the tax due rate begins from $17,
hence the annual tax due amount paid for a commercial based unit is $550 whereas the maximum tax due amount
paid for logging vehicles is $412.50
Every year,
the tax due amount is paid full in advance to the Internal Revenue Service
based on the fact if the vehicle is going to be used over 5000 miles for commercial & 7500 miles for Agricultural based units. Having said that, the Form
2290 is pro-rated as the tax
deadline for the new vehicles happens to be the last day of the month following
the month of its first use.
So, Saddle
up your bags & renew your HVUT Form 2290 for the Period beginning July 1,
2019 through June 30, 2020 and receive the IRS digital watermarked copy of
schedule 1 in your e-mail Reach us back @ (347) 515-2290 for any further
assistance.