67,000 lb Truck Tax in New Hampshire

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

As a trucking professional operating a vehicle weighing 67,000 lbs in New Hampshire, you're likely responsible for filing Form 2290, Heavy Vehicle Use Tax Return with the IRS. This federal tax applies to heavy highway vehicles with a taxable gross weight of 55,000 pounds or more. This guide provides specific information about Form 2290 requirements for your 67,000 lb truck in New Hampshire.

The Heavy Vehicle Use Tax (HVUT) is an annual tax, generally due by August 31st for the tax period beginning July 1st and ending June 30th. Because your truck exceeds the 55,000-pound threshold, it is subject to this tax. It's crucial to understand your obligations to avoid penalties and ensure compliance.

Calculating Your 2290 Tax Liability

The IRS sets the HVUT rate based on the vehicle's taxable gross weight. For vehicles weighing between 55,000 and 75,000 pounds, the tax is calculated as follows:

Base Tax: $100
Plus: $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds

In your case, with a 67,000 lb truck:

Weight over 55,000 lbs: 67,000 - 55,000 = 12,000 lbs
Number of 1,000 lb increments: 12,000 / 1,000 = 12
Tax per 1,000 lb increment: 12 * $22 = $264
Total HVUT: $100 + $264 = $364

Therefore, the estimated 2290 tax for your 67,000 lb truck in New Hampshire is $364 per year.

Filing Your Form 2290

You can file Form 2290 either electronically (e-file) or by mail. The IRS strongly encourages electronic filing, especially for taxpayers filing more than 25 returns. E-filing offers several advantages, including:

• Faster processing and acknowledgement
• Reduced errors
• Secure transmission of your information
• Ability to schedule your payment

When filing, 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 vehicle.
• The taxable gross weight of each vehicle.
• Your business name and address.

Payment Options

You can pay your HVUT in several ways:

• Electronic Funds Withdrawal (EFW): Direct debit from your bank account when e-filing.
• Electronic Federal Tax Payment System (EFTPS): A free service from the U.S. Department of the Treasury.
• Check or Money Order: Payable to the U.S. Treasury, with your EIN, the tax period, and Form 2290 clearly marked. Mail to the address specified on the IRS website for Form 2290 payments.

Special Considerations for New Hampshire

While the 2290 is a federal tax, understanding New Hampshire's specific requirements for trucking is crucial. Ensure your vehicle is properly registered with the New Hampshire Department of Motor Vehicles (DMV) and that you comply with all state regulations regarding weight limits, permits, and other operational requirements. Form 2290 and New Hampshire DMV requirements are distinct but interconnected aspects of legally operating a heavy vehicle in the state.