How do I claim my low mileage credits?
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Last modified 5/11/2022 11:13:51 AM EST |
Added by ExpressTruckTax Team
If you had reported your vehicle as a taxable vehicle and paid the required HVUT while filing your Form 2290, and the vehicle doesn't exceed the 5000-mile limit (7500 for agricultural vehicles), you can get a refund of the HVUT paid as low-mileage credit.
You cannot claim the low mileage credits using Form 2290 if you aren't filing for a taxable vehicle for the current tax year.
If the low mileage credit that is to be claimed is more than the HVUT, you have to file Form 8849 for a refund of the excessive credit amount. ExpressTruckTax will automatically generate your Form 8849 with the adjusted credit amount, in that case, making it easier for you.