Hello there
Truckers, over this article we are going to discuss on How to go about claiming
a low mileage vehicle credit for trucks that are used quite inactively over the
road. Most truckers are not really sure how to claim a refund on vehicles for which
the taxes were paid full in advance during the beginning of the tax period.
The Low
Mileage vehicle is basically claimed over trucks which were not used over the
desired mileage for exemption during the end of the tax period. Almost on a
daily basis, we receive queries from the HVUT tax payers saying that their
trucks are not in service due to mechanical wear & tear, engine related
issues, due to natural calamities etc.
Now if such
occurrences happen when the Tax Form 2290 was already filed for the subjected
vehicle, the owner of the vehicle must refer to the odometer reading to record
the number of miles the truck has covered until the period it was reported. If
that seems to be exceeding the desired mileage use of Exemption (5000 miles for Commercial based Units
& 7500 for Agricultural based
units) No further action is required from your end.
On the Contrary,
if the subjected vehicles seems not to have exceeded the desired mileage use of
Exemption (5000 miles for Commercial
based Units & 7500 for
Agricultural based units) then you are entitled to claim a full refund on the
taxes paid on this vehicle. However, you will only be able to claim this refund
after the current tax period officially ceases.
You may feel free to reach us back for further assistance
during your e-filing process over the following mediums:
Phone: (347) 515-2290 [Monday
through Friday, 9 A.M to 5 P.M, Central Standard Time]
E-mail: support@truckdues.com
Live chat with our tax representatives.
Have a Good One! See you over the next article.