Estimated Tax
$210.00
Understanding Form 2290 Heavy Vehicle Use Tax for Your 60,000 lb Tow Truck
As the owner of a tow truck with a gross vehicle weight (GVW) of 60,000 pounds, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the Internal Revenue Service (IRS). This tax applies to vehicles operating on public highways at a taxable gross weight of 55,000 pounds or more. This guide provides a comprehensive overview of Form 2290, specifically tailored to your tow truck.
What is Taxable Gross Weight? Taxable gross weight isn't just the empty weight of your tow truck. It includes the unloaded weight of the truck, the unloaded weight of any trailers it's designed to tow, and the maximum load typically carried on the truck and any towed trailers. Since your tow truck weighs 60,000 lbs, it falls into the taxable weight category.
Calculating Your 2290 Tax Liability
The HVUT is calculated annually based on the taxable gross weight of your vehicle. As of 2024, the tax rate is generally $100 per year for vehicles weighing 55,000 pounds or more, plus an additional $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. For your 60,000 lb tow truck, the calculation is as follows:
- Base Tax: $100
- Excess Weight: 60,000 lbs - 55,000 lbs = 5,000 lbs
- Additional Tax: 5,000 lbs / 1,000 lbs * $22 = 5 * $22 = $110
- Total HVUT: $100 + $110 = $210
Therefore, the annual HVUT for your 60,000 lb tow truck is $210. Please note this value does not include highway use tax due to surcharge.
Filing Deadlines and Requirements
The filing period for Form 2290 runs from July 1st to June 30th. You must file Form 2290 and pay the HVUT by August 31st of each year for vehicles that are in use during July. If you place a vehicle in service 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. For example, if you start using your tow truck on public roads in September, your filing deadline is October 31st.
Required Information: When filing Form 2290, you will need the following information:
- Employer Identification Number (EIN): You must have an EIN to file Form 2290. A Social Security number is not permitted.
- Vehicle Identification Number (VIN) of your tow truck.
- Taxable gross weight of your tow truck.
- Payment method (e.g., Electronic Funds Withdrawal, check, money order).
How to File Form 2290
The IRS encourages taxpayers to file Form 2290 electronically. E-filing offers several benefits, including faster processing, reduced errors, and immediate proof of filing. You can file electronically through an IRS-approved e-file provider. Alternatively, you can file a paper return by mail. Download Form 2290 and instructions from the IRS website (irs.gov). Make sure to use the most current version of the form.
Exemptions and Suspensions
Certain vehicles and uses are exempt from the HVUT or qualify for a suspension of the tax. However, based on the weight and typical use of a 60,000 lb tow truck, exemptions are unlikely. Certain low-mileage vehicles (used 5,000 miles or less during the tax year) may qualify for a suspension of the tax, but the vehicle is still subject to reporting. Always verify your specific situation against the current IRS guidelines.
Record Keeping
Keep a copy of your filed Form 2290 Schedule 1 as proof of payment. This is crucial for vehicle registration and other compliance purposes. The IRS recommends keeping these records for at least three years from the date of filing.
Expert Compliance Tips
Actionable Tips for 2290 Filing:
- E-File for Speed and Accuracy: Utilize an IRS-approved e-file provider to file Form 2290. E-filing reduces errors and provides immediate confirmation of acceptance.
- Double-Check Your VIN: Ensure the Vehicle Identification Number (VIN) on Form 2290 matches your tow truck's VIN exactly. Mismatched VINs can cause processing delays or rejection of your filing.
- Maintain Accurate Mileage Records: Even if you don't qualify for a mileage-based suspension initially, keep detailed records of your tow truck's mileage. If you use the vehicle for 5,000 miles or less during the tax year, you might be eligible for a refund.
- Don't Wait Until the Last Minute: File Form 2290 well before the August 31st deadline to avoid potential penalties for late filing or late payment.
- Confirm Your EIN is Active: Ensure your Employer Identification Number (EIN) is active and registered with the IRS. An inactive EIN will prevent successful filing.
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) |