61,000 lb Truck Tax in Kentucky

Understanding Form 2290 for a 61,000 lb Truck in Kentucky

As a truck owner operating in Kentucky with a vehicle weighing 61,000 pounds, you're 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 as it pertains specifically to your situation in Kentucky.

The HVUT, as outlined in IRS Section 4481, is an annual tax levied on heavy highway vehicles operating on public roads with a gross taxable weight of 55,000 pounds or more. The tax is based on the vehicle's gross taxable weight, which is the sum of:

• The actual unloaded weight of the vehicle fully equipped for service.
• The actual unloaded weight of any trailers customarily used in combination with the vehicle.

Since your truck weighs 61,000 pounds, it falls within the taxable weight category. The tax rate for vehicles in this weight class is calculated based on the following:

For vehicles with a taxable gross weight between 55,000 and 75,000 pounds, the tax rate is $100, plus an additional $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. Therefore, for your 61,000 lb truck, the calculation is:

$100 + ($22.00 x 6) = $100 + $132 = $232

Therefore, the annual HVUT you would typically pay is $232. Keep in mind this is a typical calculation and can change based on updates from the IRS.

Filing Your Form 2290

Form 2290 must be filed annually for each heavy vehicle you operate. The filing period begins on July 1st and ends on June 30th. The due date for filing Form 2290 is typically August 31st. For example, the 2023-2024 tax year's deadline was August 31, 2023.

You have two options for filing Form 2290:

• Electronically (e-file): E-filing is generally recommended as it's faster and more accurate. You can use an IRS-approved e-file provider to submit your form. E-filing is required for businesses filing 25 or more 2290 forms.
• By Mail: You can download Form 2290 from the IRS website, complete it, and mail it to the address specified in the instructions.

Information Required for Filing

When filing Form 2290, you'll need the following information:

• Your Employer Identification Number (EIN). Note: A Social Security number (SSN) cannot be used for filing Form 2290. You must obtain an EIN from the IRS.
• Your Vehicle Identification Number (VIN) for each truck.
• The taxable gross weight of each vehicle.
• The month in which the vehicle was first used during the tax period.

Kentucky Specific Considerations

While Form 2290 is a federal tax, it's important to understand how it interacts with state regulations in Kentucky. Kentucky requires proof of HVUT payment (Schedule 1 of Form 2290) when registering or renewing the registration of a heavy vehicle. Therefore, ensuring timely and accurate filing of Form 2290 is crucial for maintaining compliance with both federal and Kentucky state laws.

Failure to file Form 2290 or pay the HVUT on time can result in penalties and interest charges. It is essential to maintain accurate records and meet all filing deadlines.

Stinger Steered Auto Transporters

It is important to note that Stinger Steered Auto Transporters may have a higher maximum gross weight limit than other vehicles. Check the Kentucky Department of Transportation regulations for more information about these vehicles.