67,000 lb Truck Tax in South Carolina

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

As a truck owner operating a vehicle with a gross vehicle weight (GVW) of 67,000 pounds in South Carolina, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and must file Form 2290 with the IRS. This guide provides a comprehensive overview of Form 2290 and how it applies to your specific situation.

The Heavy Vehicle Use Tax, mandated under IRS Section 4481, is an annual tax on heavy highway vehicles operating on public roads in the United States. The tax is levied on vehicles with a taxable gross weight of 55,000 pounds or more. The tax year runs from July 1st to June 30th.

Calculating Your HVUT for a 67,000 lb Truck

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 an additional $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds.

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

• Taxable weight exceeding 55,000 lbs: 67,000 lbs - 55,000 lbs = 12,000 lbs
• Number of 1,000 lb increments: 12,000 lbs / 1,000 lbs = 12
• Additional tax: 12 x $22 = $264
• Total HVUT due: $100 + $264 = $364

Therefore, the HVUT for your 67,000 lb truck in South Carolina is $364 annually.

Filing Form 2290

Form 2290 must be filed annually for each vehicle subject to the HVUT. The filing deadline is typically August 31st, for the tax year beginning July 1st. If you place a new vehicle 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 example, if you start using the truck on South Carolina roads in October, you must file Form 2290 by the end of November.

You can file Form 2290 electronically (e-file) through an IRS-approved provider or by mail. E-filing is generally recommended as it is faster and more efficient.

Required Information for Form 2290

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

• Your Employer Identification Number (EIN). A Social Security Number (SSN) is not accepted for Form 2290 filings except for sole proprietors, and it is highly recommended to obtain an EIN even if operating as one.
• Your Vehicle Identification Number (VIN) for each truck.
• The taxable gross weight of each truck.
• Your business name and address.

Payment Options

You can pay the HVUT using various methods, including:

• Electronic Funds Withdrawal (EFW) when e-filing
• Electronic Federal Tax Payment System (EFTPS)
• Check or money order (mailed with Form 2290-V, Payment Voucher)

Note: Always keep a copy of Schedule 1 (Form 2290) as proof of payment. This is often required for vehicle registration and permits in South Carolina and other states.

South Carolina Specific Considerations

While Form 2290 is a federal tax, South Carolina requires proof of payment when registering your heavy vehicle. Presenting your stamped Schedule 1 is essential for completing the registration process with the South Carolina Department of Motor Vehicles (SCDMV). Failure to file and pay the HVUT can lead to penalties and prevent you from legally operating your truck within South Carolina.