(This post updated Aug. 25, 2022)
The deadline generally applies to IRS Form 2290 and the accompanying tax payment for the tax year that began on July 1, 2019. Returns must be filed and tax payments made by September 3 for vehicles used on the road during July. For vehicles first used after July, the deadline is the last day of the month following the month of first use.
Note: The September 3 deadline is later this year (2019) than usual because the regular August 31 due date falls on a Saturday and September 2 is a federal holiday.
The IRS is encouraging taxpayers to file (and pay any tax due) electronically. If your business has 25 or more vehicles, you must e-file, rather than file Form 2290 on paper.
The highway use tax generally applies to large trucks, truck tractors and buses with a taxable gross weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks aren’t taxable because they fall below the 55,000-pound threshold.
The tax is based on weight. A variety of special rules apply to some vehicles, such as those with minimal road use.
If you have questions about filing form 2290, when the 2290 is due, or are asking yourself, “What is a 2290 form?,” contact a Sol Schwartz & Associates professional at 210.384.8000.
FURTHER READING:
IRS FAQs for truckers who e-file
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