60,000 lb Truck Tax in Georgia

Understanding Form 2290 for a 60,000 lb Truck in Georgia

If you operate a heavy highway vehicle with a gross vehicle weight of 55,000 pounds or more on public highways, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and must file Form 2290 with the Internal Revenue Service (IRS). This guide specifically addresses the 2290 requirements for a 60,000 lb truck operating in the state of Georgia.

What is Form 2290? Form 2290 is used to report and pay the HVUT. This tax is an annual fee levied on heavy highway vehicles operating on public roads in the United States. The tax year runs from July 1st to June 30th. You typically must file Form 2290 and pay the HVUT by August 31st for the tax year that began on July 1st.

HVUT Rate for a 60,000 lb Truck

For vehicles with a taxable gross weight between 55,000 and 75,000 pounds, the HVUT rate is calculated as follows:

• Base Tax: $100
• Additional Tax: $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds

Therefore, for a 60,000 lb truck, the calculation is:

$100 + ($22 * (60,000 - 55,000)/1000) = $100 + ($22 * 5) = $100 + $110 = $210

So, the HVUT due for a 60,000 lb truck in Georgia is $210 for the full tax year.

Filing Requirements and Deadlines

You must file Form 2290 and pay the HVUT if your truck meets the following criteria:

• The truck's gross vehicle weight is 55,000 pounds or more.
• The truck operates on public highways.

Deadlines:

• For vehicles used in July, file Form 2290 by August 31st.
• For vehicles first used after July, 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 first used the truck in September, you must file by October 31st.

How to File: You can file Form 2290 electronically (e-file) or by mail. The IRS strongly encourages e-filing, especially for those filing for 25 or more vehicles. E-filing is generally faster and more accurate than filing by mail.

Required Information for Form 2290

When filing Form 2290, you will need the following information:

• Employer Identification Number (EIN): You must have an EIN to file Form 2290. You cannot use your Social Security Number.
• Vehicle Identification Number (VIN) for each vehicle.
• Taxable Gross Weight of each vehicle.
• Address.

Credits and Suspensions

There are some situations where you might be eligible for a credit or suspension of the HVUT. For instance, if a truck is used for 5,000 miles or less during the tax year (7,500 for agricultural vehicles), it may be eligible for a suspension. This means no tax is due.

Where to File

You can file Form 2290 electronically through an IRS-approved e-file provider. If you prefer to file by mail, you can download Form 2290 and the accompanying instructions from the IRS website (irs.gov). The mailing address depends on whether or not you are including a payment. See the IRS instructions for the appropriate mailing address.