64,000 lb Truck Tax in Maryland

Understanding Form 2290 Taxes for a 64,000 lb Truck in Maryland

As a trucking professional operating a vehicle with a gross vehicle weight (GVW) of 64,000 pounds in Maryland, you are likely subject to the Heavy Vehicle Use Tax (HVUT), which is reported using IRS Form 2290. This comprehensive guide provides detailed information about Form 2290, specifically tailored for trucks in the 64,000-pound weight class operating in Maryland.

The HVUT is an annual tax levied 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 maintenance and infrastructure projects.

Determining Your Taxable Gross Weight

The first crucial step is accurately determining the taxable gross weight of your truck. This isn't just the empty weight; it includes the weight of the truck itself, plus the weight of any trailers you typically haul, and the maximum load you carry. In your case, we're assuming a taxable gross weight of 64,000 pounds. This weight falls within a specific tax bracket on Form 2290, which we'll discuss below.

Form 2290 Tax Rate for 64,000 lb Trucks

The IRS provides a table of tax rates based on taxable gross weight. For vehicles with a taxable gross weight of 55,000 pounds or more, the tax is comprised of a base amount plus an incremental amount for each pound exceeding a certain threshold. As of the current tax year (July 1, 2024 – June 30, 2025), the HVUT is calculated using the following general formula:

• For vehicles weighing 55,000 pounds up to and including 75,000 pounds: $100 base tax plus $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds.
• Vehicles weighing over 75,000 pounds will have a higher rate.

Therefore, for your 64,000-pound truck, the calculation is as follows: $100 + (($64,000 - 55,000) / 1,000) * $22 = $100 + (9 * $22) = $100 + $198 = $298. The HVUT for your 64,000 lb truck is $298 for the current tax year. Remember to consult the official IRS instructions for Form 2290 for the most up-to-date rates, as these can change.

Filing Form 2290: Deadlines and Methods

The filing deadline for Form 2290 is typically August 31st for vehicles that operate on public highways during the tax period beginning July 1 and ending June 30. Since your truck operates in Maryland, you must file and pay the HVUT annually. If you put a new taxable 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. For instance, if you started using your truck on September 15th, you would need to file by October 31st.

You have two primary methods for filing Form 2290:

• E-filing: The IRS encourages e-filing, especially for those filing for 25 or more vehicles. E-filing offers faster processing and confirmation. You can use an IRS-approved e-file provider.
• Paper Filing: You can download Form 2290 from the IRS website and mail it to the designated IRS address. However, be aware that processing times are generally longer for paper filings.

Required Information for Filing

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

• Your Employer Identification Number (EIN). A Social Security number cannot be used.
• Your Vehicle Identification Number (VIN) for each truck.
• The taxable gross weight of each vehicle.
• Your business name and address.

Paying the HVUT

You can pay the HVUT through various methods, including:

• Electronic Funds Withdrawal (EFW) when e-filing.
• Electronic Federal Tax Payment System (EFTPS).
• Check or money order (for paper filing).

It's crucial to keep a copy of Schedule 1 (Form 2290) as proof of payment. You'll need this when registering your vehicle with the Maryland Motor Vehicle Administration (MVA) and for other operational purposes.