61,000 lb Truck Tax in New Hampshire

Understanding Form 2290 for a 61,000 lb Truck in New Hampshire

If you operate a heavy highway vehicle with a gross taxable weight of 55,000 pounds or more on public highways in New Hampshire, you are likely required to file Form 2290, the Heavy Vehicle Use Tax (HVUT), with the Internal Revenue Service (IRS). This guide specifically addresses the Form 2290 requirements for a truck weighing 61,000 lbs operating in New Hampshire.

What is Gross Taxable Weight? Gross taxable weight isn't simply the empty weight of your truck. It's the sum of the following:

• The unloaded weight of the truck.
• The unloaded weight of any trailers customarily used with the truck.
• The weight of the maximum load customarily carried on the truck and any trailers.

Since your truck weighs 61,000 lbs, it falls squarely within the taxable weight category and you are required to file Form 2290.

Calculating Your HVUT Liability

The HVUT is calculated based on the truck's gross taxable weight. For vehicles weighing 55,000 pounds or more, the tax rate is determined by a base amount plus an incremental amount for each 1,000 pounds (or fraction thereof) over 55,000 pounds. As of the latest IRS guidelines, the annual tax is calculated as follows:

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

For your 61,000 lb truck, the calculation is:

1. Weight over 55,000 lbs: 61,000 - 55,000 = 6,000 lbs
2. Number of 1,000 lb increments: 6,000 / 1,000 = 6
3. Additional Tax: 6 increments * $22/increment = $132
4. Total HVUT: $100 (base) + $132 (additional) = $232

Therefore, the HVUT due for your 61,000 lb truck operating in New Hampshire for a full tax year is $232.

Filing Form 2290: Important Considerations

Filing Deadline: The filing deadline for Form 2290 is typically August 31st for the tax period beginning July 1st and ending June 30th. However, if you put your truck into 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.

Payment Options: You can pay your HVUT liability through various methods, including:

• Electronic Funds Withdrawal (EFW)
• Electronic Federal Tax Payment System (EFTPS)
• Check or Money Order (though electronic methods are preferred)

E-Filing Requirement: If you are filing Form 2290 for 25 or more vehicles, you are required to e-file. E-filing is generally recommended even if you have fewer vehicles, as it's faster and more efficient.

Required Information for Filing

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

• Your Employer Identification Number (EIN). You cannot use your Social Security Number (SSN) for filing Form 2290.
• Your Vehicle Identification Number (VIN) for each vehicle.
• The gross taxable weight of each vehicle.
• Your business name and address.

Form 2290 Schedule 1

After successfully filing Form 2290 and paying your HVUT, you will receive a stamped Schedule 1. This document serves as proof of payment and is required for vehicle registration in New Hampshire and other states. Keep this document in a safe place, as you'll need to present it when registering or renewing the registration for your truck.