How is the Heavy Vehicle Use Tax (HVUT) calculated?
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Last modified 6/7/2023 8:49:56 AM EST |
Added by ExpressTruckTax Team
Your Form 2290 Heavy Vehicle Use Tax is calculated based on several factors. The first used month and the taxable gross weight of your vehicle play a significant role in calculating the HVUT of your vehicle for the tax year. The HVUT of your vehicle will increase with respect to your taxable gross weight.
You are required to file Form 2290 and pay the HVUT only if the taxable gross weight of your vehicle is 55,000 pounds or more. If the taxable gross weight of your truck is 55,000 pounds, you must pay an HVUT amount of $100.
This will increase by $22 for every 1000 pounds until the weight category reaches 75,000 pounds. For vehicles with a taxable gross weight of vehicle 75,000 pounds or more, the HVUT will be $550 for the tax period.
Click here to check out the taxable gross weight category of your vehicle.
If your vehicle is used explicitly for logging purposes, the tax amount of your vehicle will be considerably reduced. You do not have to pay HVUT if your vehicle is considered a suspended vehicle. However, it is mandatory to file Form 2290 for suspended vehicles. Use the "HVUT Tax Calculator" to calculate your tax dues for the current tax year.