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Heavy Vehicle Use Tax Form 2290 Due – HVUT Deadline

Form 2290 or the Heavy Vehicle Use Tax (HVUT) is an excise duty which is levied on highway vehicles which have a gross weight of 55,000 pounds or more. If you have a trucking business then you will be well aware of this tax; however few people know just how important it is to pay the tax on time. Here is a short summary on why you need to be paying this tax on time. Due Date...

What is the Purpose of Heavy Highway Vehicle Tax 2290?

All public roads and highways are maintained by the federal governments Federal Highway Trust Fund. The Federal Highway Trust Fund is financed through fuel taxes and highway use taxes, such as the Heavy Highway Vehicle Tax. The funds that are generated by taxing heavy highway vehicles is used to pay for the nation’s transportation infrastructure. Nearly $35 billion is transferred to the Federal Highway Trust Fund to make repairs and build new roads, highways, and bridges when...