67,000 lb Truck Tax in Hawaii

Understanding Form 2290 for Heavy Vehicles in Hawaii (67,000 lbs)

If you operate a truck with a taxable gross weight of 55,000 pounds or more on public highways, you are generally required to file Form 2290, the Heavy Vehicle Use Tax (HVUT), with the IRS. This guide provides comprehensive information about Form 2290 as it applies to a 67,000-pound truck operating in the state of Hawaii. Note that while Hawaii is an island state, the federal regulations for HVUT still apply. This is a federal tax, and therefore, state boundaries are not relevant in determining if the tax applies. Your vehicle's operation on *public* highways is the determining factor.

The taxable gross weight includes the unladen weight of the truck, the unladen weight of any trailers customarily used with the truck, and the weight of the maximum load carried by the truck and any trailers. At 67,000 pounds, your truck falls squarely within the taxable weight category. The tax year runs from July 1st to June 30th. You must file Form 2290 and pay the HVUT annually.

Calculating Your HVUT Liability

The HVUT is calculated based on the taxable gross weight of the vehicle. For vehicles weighing 55,000 pounds or more, the tax rate is $100 per year plus $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. Let's calculate the HVUT for your 67,000-pound truck:

1. Base Tax: $100
2. Excess Weight: 67,000 lbs - 55,000 lbs = 12,000 lbs
3. Number of 1,000 lb Increments: 12,000 lbs / 1,000 lbs = 12
4. Tax per Increment: $22
5. Total Tax for Excess Weight: 12 increments * $22/increment = $264
6. Total HVUT: $100 + $264 = $364

Therefore, the HVUT for your 67,000-pound truck in Hawaii is $364 per year.

Filing Form 2290

You must file Form 2290 by August 31st if you are using the vehicle on public highways during July. If you begin using the vehicle later in the tax year, you must file by the end of the month following the month the vehicle was first used on public highways. For example, if you start using the truck on Hawaii's highways in September, you must file by the end of October.

The IRS encourages electronic filing (e-filing) of Form 2290, especially for businesses filing for 25 or more vehicles. E-filing offers several advantages, including faster processing and confirmation. You can also file Form 2290 by mail, but this method is slower and may take longer to process. Ensure you have your Employer Identification Number (EIN) readily available, as you cannot use your Social Security number.

Required Information for Filing

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

• Your Employer Identification Number (EIN)
• Your Vehicle Identification Number (VIN) for each vehicle
• The taxable gross weight of each vehicle
• The date the vehicle was first used on public highways during the tax year

Where to File and Pay

If filing by mail, send Form 2290 and your payment to the address listed on the IRS website for Form 2290. When paying electronically, you can use the Electronic Federal Tax Payment System (EFTPS). EFTPS is a free service provided by the U.S. Department of Treasury. Make sure you enroll well in advance of your filing deadline.

Penalties for Non-Compliance

Failing to file Form 2290 and pay the HVUT on time can result in penalties. The penalty for late filing is 4.5% of the total tax due, assessed monthly, up to a maximum of 22.5% of the tax due. There are also penalties for late payment and failure to pay. Avoid penalties by filing and paying on time.