Form 2290, Heavy Highway Vehicle Use Tax
HVUT stands for Heavy Vehicle Use Tax which is an annual federal highway tax imposed on certain heavy motor vehicles, including trucks, truck tractors, and buses using our public highways. The tax applies only to vehicles with a taxable gross weight of 55,000 pounds or more. The federal government then distributes revenues back to the states for highway construction and maintenance projects.
- The actual unloaded weight of the vehicle fully prepared for service
- Actual weight of trailers and semitrailers prepared with service and customarily used in the combination of the vehicle and,
- The maximum freight carried by the vehicle
If you have any vehicles 55,000 pounds or more, truckTaxonline.com is the fastest way to e-file IRS Form 2290 (Heavy Vehicle Use Tax ) and get your stamped Schedule 1 – which is used as proof of payment to annually register your vehicles with your state.
Use this Form to:
- Figure and pay the tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or more;
- Figure and pay the tax due on a vehicle for which you completed the suspension statement on another Form 2290 if that vehicle later exceeded the mileage use limit during the period;
- Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category;
- Claim suspension Form the tax when a vehicle is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period;
- Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles);
- Report acquisition of a used taxable vehicle for which the tax has been suspended;
- Figure and pay the tax due on a used taxable vehicle acquired and used during the period.