What is a 2290 or Heavy Vehicle Use Tax (HVUT)

Being new to the trucking industry, it may feel like these government, documentation, and taxes stuff never comes out. Don't worry, we are ready to lend a hand to your new beginnings. Discover what's in a 2290 or what they call "Heavy Vehicle Use Tax"

The heavy vehicle use tax or HVUT is an IRS fee assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding:

• the actual unloaded weight of the vehicle fully equipped for service

• the actual unloaded weig

 

ht of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle, and

• the weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle

Some Exemption:

There are a number of groups that receive exemptions from the HVUT, including:

• The Federal Government

• State or local governments, including the District of Columbia

• The America

 

n Red Cross

• Nonprofit volunteer fire departments, ambulance associations or rescue squads

• Indian tribal governments (for vehicles used in essential tribal government functions)

• Mass transportation authorities

There are also a number of vehicles exempted from the HVUT:

• Commercial vehicles traveling fewer than 5,000 miles annually

• Agriculture vehicles traveling fewer than 7,500 miles annually

• Vehicles not considered highway motor vehicles — e.g., mobile machinery for non-transportation functions, vehicles specifically designed for off-highway transportation, and non-transportation trailers and semi-trailers

• Qualified blood collector vehicles u

 

sed by qualified blood collector organizations

 

Who is Required to Pay HVUT?

If a vehicle weighs 55,000 pounds or more, it requires an HVUT filing. If the gross taxable weight is from 55,000 to 75,000 pounds, the HVUT is typically $100, plus $22 per 1,000 pounds over 55,000 pounds. For vehicles over 75,000 pounds, the maximum HVUT is $550 per year.

 

Where and How to File 2290?

Filing 2290 is simple. We usually use https://www.expresstrucktax.com/hvut/e-file-form-2290-online/ for online filing. You can also do a quick search on Google to find many other providers. You can file for 1 or many trucks and the process is relatively fast.

 

What do You need in order to File?

 

 

To complete Form 2290, have the following business and vehicle information available:

Business

• Your employer identification number (EIN). Note: You can't use your social insurance number.

• Business name

• Business contact information (mailing address, email address, phone number)

Vehicle

• The vehicle identification number (VIN) of every vehicle.

• The taxable gross weight of every vehicle

• Suspended vehicle (if applicable)

 

 

 

All states require that you provide a Schedule 1, proof of Form 2290 payment for registration of any heavyweight commercial use vehicle. You will need a copy of Schedule 1, stamped with the e-file logo or signed by the IRS, for registration and renewal of tags. You must also carry a copy of a stamped or signed Schedule 1 in your vehicle

 

at all times. You cannot use a form that is not stamped or signed

 

When is 2290 Due?

For 2290 The federal government collects annually and uses HVUT fees for highway construction and maintenance. If you bring a taxable truck into operation during the present tax period (July 1, 2022 to June 30, 2023), you need to file Form 2290 by the last day of the month following the month of first use. For example, if you started driving your truck in July 2022, Form 2290 must be submitted by August 31, 2022. The fees are pro-rated. Failure to grant proof of HVUT payment will lead to penalties and/or suspension of auto registration halting operations. At that time, your business can not provide services on U.S. public highways. The penalty for late payment is 4.5% of the whole HVUT tax, which accrues monthly for up to five months. If you also fail to file on time, a further monthly penalty of 0.5% of the total tax due is enforced, with interest charges of 0.54% per month.