67,000 lb Truck Tax in Utah

Understanding Form 2290 Tax for a 67,000 lb Truck in Utah

If you operate a heavy highway vehicle with a gross taxable weight of 55,000 pounds or more in Utah, you are likely required to file Form 2290, Heavy Vehicle Use Tax Return, with the Internal Revenue Service (IRS). The tax imposed by Form 2290 is an annual fee levied on vehicles operating on public highways at these weights, and it is crucial to understand your obligations to avoid penalties and ensure compliance.

This guide specifically addresses the Form 2290 requirements for a truck weighing 67,000 pounds operating in Utah. We will break down the calculation, filing process, and important deadlines to help you navigate this tax requirement effectively. The tax is based on the vehicle's gross taxable weight, which isn't just the empty weight of the truck. It includes the weight of the truck, trailer, and maximum load it typically carries.

Calculating Your 2290 Tax for a 67,000 lb Truck

The 2290 tax is determined using a specific rate table provided by the IRS. This table classifies vehicles based on their gross taxable weight. For a vehicle weighing 67,000 pounds, the calculation falls within a specific weight bracket. As of the current guidance, the base tax amount is $100 for vehicles weighing 55,000 pounds or more. Then there is an incremental amount per thousand pounds (or fraction thereof) over 55,000 pounds. In 2023 this incremental amount is $22 per thousand pounds.

Here's how the calculation works for a 67,000 lb truck:

1. Base Tax: $100
2. Weight Exceeding 55,000 lbs: 67,000 lbs - 55,000 lbs = 12,000 lbs
3. Number of Thousands Exceeding 55,000 lbs: 12,000 lbs / 1,000 lbs = 12
4. Additional Tax: 12 * $22 = $264
5. Total 2290 Tax: $100 + $264 = $364

Therefore, the 2290 tax liability for a 67,000 lb truck in Utah for the current tax year is $364. Please note this is based on the most recent IRS guidance. Always refer to the official IRS Form 2290 instructions for the most current rates.

Filing Your Form 2290

You have two options for filing Form 2290: electronically or by mail. The IRS encourages electronic filing (e-filing), especially for businesses filing for 25 or more vehicles. E-filing offers several advantages, including faster processing, immediate proof of filing (Schedule 1 receipt), and reduced errors.

Filing by Mail:

If you choose to file by mail, you can download Form 2290 from the IRS website. Be sure to complete all sections accurately and mail it, along with your payment (check or money order), to the address specified in the form instructions for your state. Keep a copy of the completed form and your payment for your records.

Electronic Filing (E-filing):

To e-file, you must use an IRS-approved e-file provider. These providers offer software and services to help you prepare and transmit your Form 2290 electronically. You will need your Employer Identification Number (EIN) to e-file.

Important Deadlines

The filing deadline for Form 2290 is August 31st for the tax period beginning July 1st and ending June 30th of the following year. For example, for the tax period July 1, 2024, to June 30, 2025, the filing deadline is August 31, 2024. If you begin operating a taxable vehicle 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. Failure to file and pay on time can result in penalties and interest.

Proof of Payment (Schedule 1)

After filing Form 2290 and paying the tax, you will receive Schedule 1, which serves as proof of payment. This schedule is essential for registering your vehicle with the Utah Department of Motor Vehicles (DMV) and for other compliance purposes. Keep this document in a safe place, as you may need to present it to various authorities.