65,000 lb Truck Tax in Mississippi

Understanding Form 2290 for Your 65,000 lb Truck in Mississippi

As a trucking professional operating a vehicle with a gross vehicle weight of 65,000 lbs in Mississippi, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the Internal Revenue Service (IRS). This comprehensive guide provides specific information regarding Form 2290 requirements for your truck in Mississippi.

The HVUT is an annual tax on heavy highway vehicles operating on public roads. It applies to vehicles with a taxable gross weight of 55,000 pounds or more. Since your truck weighs 65,000 lbs, it falls squarely within this category. Filing Form 2290 and paying the HVUT is crucial for legal operation and avoids penalties. Failure to comply can result in significant fines and operational disruptions.

Taxable Gross Weight and Rate Calculation

The taxable gross weight isn't simply the empty weight of the truck. It includes the:

• Unloaded weight of the vehicle
• Unloaded weight of any trailers customarily used in combination with the vehicle
• The weight of the maximum load customarily carried on the vehicle and any trailers

For a vehicle weighing 65,000 lbs, the HVUT is calculated based on the weight bracket it falls into. As of the current regulations (2023-2024 tax year), the rate structure for vehicles 55,000 pounds or more starts with a base amount plus an incremental amount for each 1,000 pounds (or fraction thereof) over 55,000 pounds. The exact tax amount changes periodically so it's important to refer to the current IRS guidelines or use our calculator on this site.

Filing Deadlines and Methods

The filing period for Form 2290 generally runs from July 1st to June 30th of the following year. The deadline to file and pay the HVUT is typically August 31st for vehicles used on public highways during July. If you begin operating your truck later in the year, you must file Form 2290 by the last day of the month following the month the vehicle was first used on public highways.

You have two primary options for filing Form 2290:

• Electronically (E-file): The IRS strongly encourages electronic filing, especially for those filing for 25 or more vehicles. E-filing is faster, more accurate, and provides immediate confirmation of receipt. Several IRS-approved e-file providers are available.
• By Mail: You can download Form 2290 from the IRS website, complete it, and mail it to the designated IRS address. However, processing times for paper filings are significantly longer.

Required Information for Form 2290

Before you begin filing, gather the following information:

• Employer Identification Number (EIN): You must have an EIN to file Form 2290. A Social Security Number (SSN) is not acceptable unless you are a sole proprietor without employees.
• Vehicle Identification Number (VIN): You will need the VIN for each truck you are reporting.
• Taxable Gross Weight: Determine the taxable gross weight of your truck as described above.
• Payment Information: If paying electronically, you will need your bank account and routing numbers.

Mississippi Specific Considerations

While Form 2290 is a federal tax, remember to also comply with all applicable Mississippi state regulations regarding vehicle registration, permits, and other state-specific trucking requirements. Consult the Mississippi Department of Revenue for details.

Note: Tax laws and regulations are subject to change. Always refer to the latest official IRS publications and consult with a qualified tax professional for personalized advice.