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The IRS Form 2290 should be filled by every truck owner using heavy vehicles on U.S. highways in order to pay their Heavy Vehicle Use Tax (HVUT) annually. Well, truckers will always ask, how can I calculate my HVUT tax? This is a guide for breaking things down into basic words and letting you know how the IRS determines that amount as applicable for your vehicle based on its taxable weight, category, along with the month of the first use.
HVUT is the acronym for Heavy Vehicle Use Tax, an annual tax levied by the IRS on heavy vehicles running on public highways and weighing at least 55,000 pounds gross.
HVUT is meant to help fund the maintenance of highways and infrastructure improvement projects in support of the trucking industry.
The HVUT amount should be owed on the basis of some important points of consideration:
The following provides the tax rates regarding HVUT for the tax year 2024-2025:
HVUT Tax Rates for 2024–2025 Tax Year
Here’s a quick overview of how the tax is calculated based on taxable gross weight:
| Taxable Gross Weight | HVUT Annual Tax |
|---|---|
| 55,000 lbs to 75,000 lbs | $100 plus $22 for every 1,000 lbs over 55,000 lbs |
| 75,000 lbs and above | $550 (maximum tax) |
| Logging vehicles | 25% less than the above rates |
| Agricultural vehicles | Pay HVUT only if used over 7,500 miles per |
For example, if the taxable gross weight of your truck is 60,000 pounds, the HVUT tax will be as follows:
$100 + (5 x $22) = $210
Partial-Period Tax Based on First Use Month The HVUT tax year extends from July 1 through June 30 of the following year. If your vehicle has its first use after July, you pay tax only for the months in which it operates.
For example, if your vehicle were first used in January, you will pay HVUT only for six months (January to June) instead of 12 months.
Instead of doing mathematical calculations manually to arrive at the exact amount of HVUT, apply directly into an HVUT tax calculator online-presented on most e-file tax sites authorized by the IRS. Just type in: Vehicle weight category Vehicle type ) from regular to logging and agricultural. The system then automatically calculates your exact tax due on HVUT and fills it into your Form 2290 electronically.
By e-filing Form 2290, you need not worry at all about manual calculations. The system: -Automatically calculates your exact HVUT due-prevents IRS errors from happening or mismatched data. -Instantly generates your IRS-stamped Schedule 1. -Enables VIN correction or amendments anytime. It's rapid, correct, and secure-and you will receive your official proof of payment in minutes.
Be able to do away with the hassle of calculating HVUT manually. E-file your Form 2290 online and get automatic calculations of your HVUT tax from any IRS-authorized provider. Get your stamped Schedule 1 on the spot and enjoy easy compliance with the IRS.