67,000 lb Truck Tax in Delaware

Understanding Form 2290 Taxes for Your 67,000 lb Truck in Delaware

As a truck owner operating a vehicle with a gross vehicle weight of 67,000 lbs in Delaware, you're likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the IRS. This guide provides a comprehensive overview of Form 2290 as it pertains to your specific situation.

The HVUT is an annual tax levied on heavy highway vehicles operating on public roads in the United States. The tax revenue is used to fund highway maintenance and infrastructure improvements. Understanding your obligations under Form 2290 is crucial for remaining compliant with federal regulations and avoiding potential penalties.

Calculating Your HVUT Liability

For vehicles weighing 55,000 pounds or more, the HVUT is calculated based on a rate per 1,000 pounds. As of 2024, the tax rate is $100 per vehicle plus an additional $22 for each 1,000 pounds exceeding 55,000 pounds. Since your truck weighs 67,000 lbs, the calculation is as follows:

1. Determine the taxable weight exceeding 55,000 lbs: 67,000 lbs - 55,000 lbs = 12,000 lbs
2. Calculate the tax on the excess weight: (12,000 lbs / 1,000 lbs) * $22 = $264
3. Add the base tax: $100 + $264 = $364

Therefore, the HVUT due for your 67,000 lb truck in Delaware is $364 for the tax year. Always confirm the current tax rate with the IRS or a qualified tax professional as rates can change.

Filing Form 2290: Key Information and Deadlines

Form 2290 must be filed annually for each vehicle subject to the HVUT. The filing period begins on July 1 and ends on June 30 of the following year. The deadline for filing Form 2290 is August 31, covering the period from July 1 of the current year to June 30 of the following year. For instance, for the tax period beginning July 1, 2024, and ending June 30, 2025, the filing deadline is August 31, 2024.

You can file Form 2290 electronically (e-file) or by mail. E-filing is generally recommended as it is faster, more accurate, and provides immediate proof of filing. The IRS strongly encourages electronic filing for those required to file 25 or more returns.

Where to File (If Not E-filing)

If you are not e-filing, mail your Form 2290 to the following address, effective January 2024:

Internal Revenue Service
P.O. Box 932500
Louisville, KY 40293-2500

Required Information for Form 2290

When filing Form 2290, you will need the following information:

• Employer Identification Number (EIN): You must have an EIN to file Form 2290. A Social Security Number (SSN) is not acceptable.
• Vehicle Identification Number (VIN) for each vehicle.
• Gross Taxable Weight of each vehicle.
• Taxable Gross Weight Category.

Credits and Suspensions

In certain circumstances, you may be eligible for a credit or suspension of the HVUT. For example, if a vehicle is used for less than 5,000 miles during the tax year (7,500 for agricultural vehicles), the tax may be suspended. Be sure to review the IRS instructions for Form 2290 to determine if you qualify for any credits or suspensions.

Delaware Specifics

While Form 2290 is a federal tax, keep in mind that Delaware may have its own state-level regulations and taxes related to commercial vehicles. Be sure to check with the Delaware Division of Motor Vehicles (DMV) to ensure compliance with all state requirements.