Estimated Tax
$496.00
As a logging truck operator, you're an integral part of the timber industry. Operating a logging truck also means understanding your tax obligations, specifically Form 2290, the Heavy Vehicle Use Tax (HVUT). This guide focuses on Form 2290 requirements specifically for your 73,000 lb logging truck, providing key information and considerations for accurate filing.
Form 2290 is an annual tax on heavy highway vehicles operating on public roads with a taxable gross weight of 55,000 pounds or more. Because your logging truck weighs 73,000 lbs, it falls under this requirement. The tax year runs from July 1st to June 30th. Understanding how to calculate and file your 2290 correctly is crucial to avoid penalties and stay compliant.
Important Note: While this guide provides information specific to a 73,000 lb logging truck, regulations can change. Always refer to the IRS website and official publications for the most up-to-date information.
Expert Compliance Tips
- Determine Your Taxable Gross Weight: Your truck's taxable gross weight is the sum of:
- The unladen weight of the truck (empty weight).
- The unladen weight of any trailers customarily used in combination with the truck.
- The weight of the maximum load customarily carried on the truck and on any trailers used in combination with the truck.
- Tax Rate for 73,000 lb Trucks: The HVUT rate increases incrementally for vehicles weighing over 55,000 pounds. For the tax year beginning July 1, 2023, and ending June 30, 2024, the rate is $100 plus $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. So, for 73,000 lbs, the calculation is: $100 + ($22 x (73,000 - 55,000)/1000) = $100 + ($22 x 18) = $100 + $396 = $496. This rate can change annually, so verify the current rate with the IRS.
- Filing Deadline: Form 2290 must be filed by the last day of the month following the month in which the vehicle was first used on public highways during the tax period. For example, if you start using the truck in August, you must file by the end of September. If first used in July, the deadline is August 31st.
- Filing Options: You can file Form 2290 electronically (e-file) or by mail. The IRS encourages e-filing, especially for those filing for 25 or more vehicles. E-filing provides faster processing and confirmation of receipt.
- Keep Accurate Records: Maintain detailed records of your truck's weight, purchase date, and usage. This documentation will be essential if you are ever audited.
- Schedule 1: After filing and paying, you'll receive Schedule 1 as proof of payment. Keep this document readily available, as it may be required for vehicle registration and other purposes.
- Low Mileage Exemption: If you expect to drive your logging truck 5,000 miles or less during the tax year, you may be exempt from paying the HVUT. However, you must still file Form 2290 and claim the suspension. Mileage is calculated per vehicle, not per fleet. Keep meticulous mileage records to support your claim.
- Sold or Transferred Vehicle: If you sell or transfer your logging truck during the tax year, you may be eligible for a refund of the HVUT you paid. You must provide documentation of the sale or transfer to claim the refund.
- Consult a Professional: If you are unsure about any aspect of Form 2290 or your specific situation, consult a qualified tax professional specializing in trucking. They can provide personalized advice and ensure you comply with all applicable regulations.
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) |