58,000 lb Truck Tax in Idaho
Understanding Form 2290 Taxes for Your 58,000 lb Truck in Idaho
As a trucking professional operating a vehicle with a gross taxable weight of 58,000 pounds in Idaho, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the Internal Revenue Service (IRS). This guide provides a comprehensive overview of Form 2290 requirements specifically for your situation, ensuring you stay compliant and avoid penalties.
The Heavy Vehicle Use Tax, as mandated under Section 4481 of the IRS code, applies to heavy highway vehicles operating on public roads with a gross taxable weight of 55,000 pounds or more. This tax is levied annually and must be paid using Form 2290.
Calculating Your HVUT for a 58,000 lb Truck
For a vehicle weighing 58,000 pounds, the HVUT is calculated based on the taxable gross weight exceeding 55,000 lbs. The current HVUT rate consists of a base amount plus an additional amount for each 1,000 pounds (or fraction thereof) over 55,000 pounds. As of the latest IRS guidelines (consult the IRS website for the most current figures), the base rate is $100, and the additional amount is $22 per 1,000 pounds.
Therefore, for a 58,000-pound truck, the calculation would be as follows:
- Weight Exceeding Threshold: 58,000 lbs - 55,000 lbs = 3,000 lbs
- Number of 1,000 lb Increments: 3,000 lbs / 1,000 lbs = 3
- Taxable Amount: 3 x $22 = $66
- Total HVUT Due: $100 (base) + $66 = $166
Keep in mind that these figures are subject to change by the IRS, so always refer to the most recent Form 2290 instructions.
Filing Form 2290: Key Information and Deadlines
The filing period for Form 2290 begins on July 1st and ends on June 30th of the following year. The deadline to file Form 2290 and pay the HVUT is August 31st. It's crucial to file on time to avoid penalties. If you start operating your truck mid-year, you must file Form 2290 by the end of the month following the month the vehicle was first used on public highways.
You will need the following information to complete Form 2290:
- Your Employer Identification Number (EIN). A Social Security Number (SSN) is *not* acceptable.
- Your Vehicle Identification Number (VIN) for each truck.
- The taxable gross weight of each truck.
- Your business name and address.
E-filing is strongly encouraged and is mandatory for those filing for 25 or more vehicles. E-filing offers a convenient and secure way to submit your Form 2290 and receive your stamped Schedule 1, which serves as proof of payment.
Idaho-Specific Considerations
While the HVUT is a federal tax, Idaho-based trucking companies must also comply with state-specific regulations. This includes vehicle registration requirements, fuel tax reporting, and other permits and licenses. Ensure that you are fully compliant with both federal and Idaho state regulations to avoid potential legal issues.
Consult the Idaho Transportation Department (ITD) website for the most up-to-date information on state regulations. Remember to keep accurate records of your vehicle's mileage and operations within Idaho for any potential audits.
4 Simple Steps to File
Gather Vehicle Info
Have your VIN (Vehicle Identification Number) and Gross Taxable Weight ready. You can find the VIN on your registration or dashboard.
Choose Tax Period
Select the current tax year (July 1 - June 30). If filing late, our system automatically calculates prorated taxes for you.
E-File with IRS
Submit your return securely. We check for common errors before sending to the IRS to prevent rejections.
Get Schedule 1
Receive your IRS-stamped Schedule 1 proof of payment via email instantly once accepted. No waiting for mail.
HVUT Tax Rate Reference (2025-2026)
| Gross Weight | Annual Tax |
|---|---|
| 55,000 lbs | $100.00 |
| 56,000 lbs | $122.00 |
| 60,000 lbs | $210.00 |
| 70,000 lbs | $430.00 |
| 75,000 lbs | $550.00 (Max) |
| 80,000 lbs | $550.00 |
| Logging Vehicles | Reduced Rate (See Calculator) |