59,000 lb Truck Tax in Connecticut

Understanding Form 2290 Heavy Vehicle Use Tax for a 59,000 lb Truck in Connecticut

As a trucking tax consultant, I frequently encounter questions about the Heavy Vehicle Use Tax (HVUT) and Form 2290, especially concerning trucks operating in states like Connecticut. This guide provides a comprehensive overview of Form 2290 requirements for a truck weighing 59,000 pounds operating in Connecticut. This weight class falls under the taxable category, meaning you are responsible for filing Form 2290 and paying the HVUT.

What is Form 2290? Form 2290, officially known as the Heavy Vehicle Use Tax Return, is an IRS form used to report and pay the annual tax on heavy highway vehicles operating on public roadways in the United States. The tax applies to vehicles with a taxable gross weight of 55,000 pounds or more. This weight is NOT the empty weight of the truck; it’s the sum of:

• The actual unloaded weight of the vehicle.
• The actual unloaded weight of any trailers or semi-trailers customarily used in combination with the vehicle.
• The weight of the maximum load customarily carried on the vehicle and on any trailers or semi-trailers used in combination with the vehicle.

Why is this important for Connecticut truckers? If you own and operate a truck with a taxable gross weight of 55,000 pounds or more in Connecticut (or any other state), you are legally obligated to file Form 2290 with the IRS and pay the HVUT. Failure to do so can result in penalties, interest, and potentially even legal issues. Since your truck weighs 59,000 pounds, this regulation directly applies to you.

HVUT Rates and Calculation for a 59,000 lb Truck

The HVUT rate is determined by the taxable gross weight of the vehicle. For vehicles in the 55,000 to 75,000 pound range, the tax is calculated as a base amount plus an additional amount for each pound over 55,000 pounds. As of the latest IRS guidelines (refer to IRS.gov for the most current information), the rate is typically $100 plus $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. Remember to always consult the most recent IRS guidelines for accurate figures as rates can change.

For a 59,000 lb truck, the calculation would be as follows:

1. Calculate the weight exceeding 55,000 lbs: 59,000 lbs - 55,000 lbs = 4,000 lbs
2. Determine the number of 1,000 lb increments: 4,000 lbs / 1,000 lbs = 4
3. Calculate the additional tax: 4 x $22.00 = $88.00
4. Add the base tax: $100 + $88.00 = $188.00

Therefore, the HVUT for a 59,000 lb truck is approximately $188.00 annually. Note that this example calculation uses illustrative rates. Always refer to the IRS website for the most up-to-date rates.

Filing Deadlines and Methods

The filing deadline for Form 2290 is typically August 31st for the tax period beginning July 1st and ending June 30th. If you begin operating your truck after July, you must file Form 2290 by the last day of the month following the month the vehicle was first used on public highways. E-filing is generally required for those filing for 25 or more vehicles, but it is encouraged for all filers as it is more efficient and reduces processing time. You can file Form 2290 online through an IRS-approved e-file provider.

Required Information for Filing:

• Employer Identification Number (EIN). A Social Security Number (SSN) is NOT acceptable.
• Vehicle Identification Number (VIN) for each vehicle.
• Taxable gross weight of each vehicle.
• Connecticut business address.