The Internal Revenue Service issued a reminder that, for many truckers and owners of heavy highway vehicles, their federal highway use tax return is due at the end of August.
Vehicle owners who are due to file a Form 2290 and pay the accompanying tax must submit them by Aug. 31 for the tax year that began July 1, 2017 and ends on June 30, 2018.
Vehicles with a taxable gross weight of 55,000 pounds or more are subject to the highway use tax, which can range of to $550 per vehicle based on weight and a variety of special rules. While the tax usually includes trucks, truck tractors and buses, it does not usually affect vans, pickups and panel trucks.
Any taxpayer reporting on 25 or more vehicles is required to file electronically, but the IRS is recommending e-filing for any vehicle owner, regardless of the size of their fleet. Tax-suspended vehicles – those that will log less than certain threshold mileage amounts over the year – do not count toward the 25-vehicle requirement.