The Internal Revenue Service (IRS) reminds truck drivers and those who operate large buses that the deadline to file Form 2290, Heavy Highway Vehicle Use Tax Return, is Tuesday, September 3, 2024, for vehicles that were first used in July 2024. This deadline has been extended from the usual date of -August 31 because of the weekend.
The tax applies to vehicles with a gross vehicle weight of 55,000 kilograms or more that are registered or required to be registered by law. Form 2290 must be completed by the last day of the month following the month in which the vehicle was first used on a public highway during the tax period. The current tax period runs from July 1, 2024, to June 30, 2025.
Key Points:
- Deadline: Vehicles entered into service in July 2024 must have form 2290 completed and the appropriate tax paid by September 3, 2024.
- Estimated Tax: For vehicles placed on the road after July, the tax is calculated based on the months the vehicle is in service.
- Exhortation to E-File: The IRS encourages all taxpayers to file Form 2290, especially those with 25 or more vehicles, as required by law. E Filing allows for a stamped Schedule 1, proof of payment, to be available within minutes once the return is accepted by the IRS.
- Payment options: Taxpayers can pay using a credit or debit card, digital wallet, electronic withdrawal during e-filing, or through the Electronic Federal Tax Payment System. Checks or money orders can also be sent using Form 2290-V.
Important Information Required for Filing:
- Vehicle Identification Numbers (VIN)
- Employer Identification Number (EIN) – Note: Social Security Number cannot be used. It may take up to four weeks to establish a new EIN.
- Name on the EIN application
- Gross taxable weight of each vehicle
