Truck Tax 2290 - Form 2290 Tax Amount Calculation

Form 2290 is the form which is used to calculate and pay the HVUT tax. And also used:

  • Due on vehicles which meet the taxing requirement
  • Claim a suspension from the tax for vehicles which are used less than 4,000 miles during the period
  • For vehicles whose taxable gross weight decreases
  • Claim a credit for tax paid on a vehicle which is destroyed, sold, or stolen
  • Which is used less than 5,000 miles Report purchase of a used taxable vehicle for which the tax has been suspended,
  • To figure and pay the tax on a used vehicle

If the Form 2290 is filed electronically, a copy of Schedule 1 with an IRS watermark will be sent via email from our support center. You can print out the stamped schedule 1 and use it if you need plates or registration. The tax amount for filing truck tax 2290 is calculated mainly by factors as follows:

  • Tax Period
  • Gross weight
  • Vehicle category

If the vehicle first used month falls in July it will be categorized as full tax period as normal tax period of truck tax is July to June. Any month other than July for form 2290 is categorized as partial tax period. The tax amount calculation will vary depening on this classification.

The gross taxable weight is calculated by adding the unloaded weight of vehicle, fully equipped for service. Unloaded weight of any trailers equipped for service and customarily used in combination with the vehicle weight of the maximum load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.

Vehicle category is another factor in deciding tax amount. There are logging and non-logging vehicles and vehicles used for agriculture purpose. The tax amount calculation will vary depending on this categories.

Our software is fully automated in this calculation of truck tax and it will allow you to verify the truck tax you owe to IRS before filing it. There are well trained support professionals assisting our customers to help them understand the tax amount calculations and e-file it to IRS.