63,000 lb Truck Tax in Colorado
Understanding Form 2290 for Your 63,000 lb Truck in Colorado
As a truck owner-operator or fleet manager operating a heavy vehicle (specifically, a truck weighing 63,000 lbs) in Colorado, you are likely responsible for filing Form 2290, Heavy Vehicle Use Tax Return with the IRS. This guide provides a comprehensive overview of Form 2290 requirements, specifically tailored for your situation, including rates, filing deadlines, and important considerations for operating in Colorado.
What is the Heavy Vehicle Use Tax (HVUT)?
The Heavy Vehicle Use Tax (HVUT) is a federal excise tax levied annually on heavy highway vehicles operating on public roadways with a taxable gross weight of 55,000 pounds or more. The tax is used to fund highway construction and maintenance projects across the United States. Your 63,000 lb truck clearly falls within this category.2290 Tax Rate for a 63,000 lb Truck
The HVUT rate is determined by the vehicle's taxable gross weight. For a vehicle weighing 63,000 lbs, the tax is calculated as follows (based on current IRS guidelines - always confirm with the IRS directly for the most up-to-date information):The rate is $100 for vehicles weighing 55,000 pounds, plus $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds.
Therefore, for your 63,000 lb truck:
$100 + ($22 * (63,000 - 55,000)/1000) = $100 + ($22 * 8) = $100 + $176 = $276.
So, the HVUT owed on your 63,000 lb truck is $276 annually. Remember this rate is subject to change by the IRS.
Filing Deadline for Form 2290
The filing deadline for Form 2290 is typically August 31st for the tax period beginning July 1st and ending June 30th of the following year. For instance, the tax period for July 1, 2024, to June 30, 2025, has a filing deadline of August 31, 2024. If you begin operating your truck after July 1st, you must file Form 2290 by the last day of the month following the month the vehicle was first used on public highways.Example: If you put your truck into service on September 15th, 2024, you must file Form 2290 by October 31st, 2024.
How to File Form 2290
You can file Form 2290 either electronically (e-file) or by mail. The IRS strongly encourages e-filing, especially for those filing for 25 or more vehicles. E-filing offers several advantages, including faster processing and confirmation of receipt. Several IRS-approved e-file providers are available.
Steps for Filing Form 2290:
- Gather Necessary Information: This includes your Employer Identification Number (EIN), Vehicle Identification Number (VIN) for each truck, and the taxable gross weight of each vehicle.
- Choose a Filing Method: Decide whether to e-file or file by mail.
- Complete Form 2290: Fill out the form accurately, providing all required information.
- Pay the HVUT: You can pay the tax electronically through the Electronic Federal Tax Payment System (EFTPS), by credit card, check, or money order.
- Receive Stamped Schedule 1: After filing and payment, you will receive a stamped Schedule 1 from the IRS. This is your proof of payment and is required for vehicle registration in Colorado and other states.
Colorado Vehicle Registration Requirements
Colorado requires proof of HVUT payment (stamped Schedule 1) for registering your 63,000 lb truck. You will need to present this document to the Colorado Department of Revenue, Division of Motor Vehicles (DMV) when registering your vehicle. Ensure you have the stamped Schedule 1 readily available to avoid any delays in the registration process.
Important Considerations for Colorado Truckers
- Keep Records: Maintain accurate records of all filings and payments related to Form 2290.
- Stay Updated: The IRS can change regulations and tax rates. Stay informed about any updates related to HVUT.
- EIN Requirement: You must have an Employer Identification Number (EIN) from the IRS to file Form 2290. You cannot use your Social Security Number (SSN).
- Check for Credits or Suspensions: There might be credits or suspensions available under specific circumstances. Consult the IRS guidelines or a tax professional for details.
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) |