68,000 lb Truck Tax in New Jersey
Understanding Form 2290 for Your 68,000 lb Truck in New Jersey
As a trucker operating a heavy vehicle in New Jersey, you're likely familiar with the various taxes and regulations you must adhere to. One of the most important is Form 2290, the Heavy Vehicle Use Tax (HVUT), which is levied by the Internal Revenue Service (IRS) on vehicles with a gross taxable weight of 55,000 pounds or more operating on public highways.
This guide provides a comprehensive overview of Form 2290 requirements specifically for a 68,000 lb truck operating in New Jersey. We'll break down the tax calculation, filing deadlines, and important considerations to ensure you stay compliant and avoid penalties.
HVUT Calculation for a 68,000 lb Truck
The HVUT is calculated based on the vehicle's gross taxable weight. For vehicles weighing between 55,000 and 75,000 pounds, the tax rate is $100 per year plus $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. For vehicles 75,001 pounds or more, the tax rate is a higher fixed amount. Let's calculate the HVUT for your 68,000 lb truck:
- Base Tax: $100
- Weight Over 55,000 lbs: 68,000 lbs - 55,000 lbs = 13,000 lbs
- Taxable Increment: 13,000 lbs / 1,000 lbs = 13
- Tax Per Increment: 13 increments * $22/increment = $286
- Total HVUT: $100 + $286 = $386
Therefore, the HVUT for your 68,000 lb truck operating in New Jersey will be $386 for the tax year (typically July 1st to June 30th).
Filing Deadlines and Requirements
The deadline for filing Form 2290 and paying the HVUT is August 31st for vehicles that have been in operation since the beginning of the tax year (July 1st). If you place a 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.
You'll need the following information to file Form 2290:
- Your Employer Identification Number (EIN) - Social Security Numbers are not acceptable.
- Your vehicle's Vehicle Identification Number (VIN)
- The vehicle's gross taxable weight
- Your business name and address
How to File Form 2290
You can file Form 2290 either electronically (e-file) or by mail. The IRS strongly encourages e-filing, as it's faster, more accurate, and provides instant proof of filing. Several IRS-approved e-file providers are available. If you choose to file by mail, you can download Form 2290 from the IRS website and mail it to the address listed on the form instructions.
Important Considerations for New Jersey Truckers
While the HVUT is a federal tax, it's crucial to understand how it interacts with New Jersey's state-specific trucking regulations and taxes. Keep detailed records of your mileage and vehicle usage in New Jersey to comply with both federal and state requirements. Also note, if your truck travels outside of New Jersey, you are still required to pay the HVUT. This tax applies to vehicles operating on public highways throughout the United States.
4 Simple Steps to File
Gather Vehicle Info
Have your VIN (Vehicle Identification Number) and Gross Taxable Weight ready. You can find the VIN on your registration or dashboard.
Choose Tax Period
Select the current tax year (July 1 - June 30). If filing late, our system automatically calculates prorated taxes for you.
E-File with IRS
Submit your return securely. We check for common errors before sending to the IRS to prevent rejections.
Get Schedule 1
Receive your IRS-stamped Schedule 1 proof of payment via email instantly once accepted. No waiting for mail.
HVUT Tax Rate Reference (2025-2026)
| Gross Weight | Annual Tax |
|---|---|
| 55,000 lbs | $100.00 |
| 56,000 lbs | $122.00 |
| 60,000 lbs | $210.00 |
| 70,000 lbs | $430.00 |
| 75,000 lbs | $550.00 (Max) |
| 80,000 lbs | $550.00 |
| Logging Vehicles | Reduced Rate (See Calculator) |