Welcome to the wonderful world of trucking. You get the freedom of solitude on the road, time to think, the ability to see amazing sites around the country, and more. But you also get a bunch of new truck taxes to file.
Your IFTA tax, for example, needs to be filed four times a year and the 3rd quarter deadline is actually tomorrow, on October 31st. However, don’t let this scare you away from trucking. There are programs like ExpressIFTA that make filing truck taxes easy. Head there now to instantly generate your IFTA report. If this is your first time filing check out our helpful tips below.
IFTA For Beginners
IFTA is the International Fuel Tax Agreement between the 48 continental United States and 10 Canadian Provinces. It was put in place to simplify the reporting of fuel usage by qualifying motor vehicles that travel between two or more jurisdictions (states).
You are required to file this return four times a year with your base jurisdiction, which is the state where your vehicle is registered. By complying with this law you will receive an IFTA license and two decals to place on the driver’s side door of your truck.
This will allow you to travel between multiple jurisdictions. Also, the fuel taxes collected are redistributed among the jurisdictions. The IFTA deadlines are:
1st Quarter – April 30th 2nd Quarter – July 31 3rd Quarter – October 31st 4th Quarter – January 31
To complete your IFTA return you will need to report your fuel and distance records for the quarter, including your:
Total miles traveled by the IFTA licensee’s qualifies motor vehicles per jurisdiction. including taxable and nontaxable, IFTA and non-IFTA, and trip permit miles.
Total gallons of fuel used by the IFTA qualifying vehicle per jurisdiction.
Total miles traveled per jurisdiction.
Total gallons of fuel consumed per jurisdiction.
Tax-paid gallons of fuel purchased per jurisdiction.
And the current tax rate per jurisdiction.
How to Prepare to File
Head to ExpressIFTA.com to report all of your IFTA totals online. Then generate your quarterly IFTA report that can be printed, emailed, and used to instantly complete your return. The entire process is easy.
Simply create your free ExpressIFTA account to get started. Then you will enter your basic business information, such as the name and address. Next, you will enter your vehicle information including the VIN.
Next, you will enter your miles traveled and fuel records per jurisdiction and we will generate your quarterly IFTA report so you can complete your return. We will automatically calculate the amount of fuel tax you owe, so you don’t even have to worry about handling any complicated calculations yourself.
We’re Here To Help
IFTA can be a little confusing but don’t worry, we’re here to help. If you need any assistance during any step of the IFTA reporting process give the outstanding, US-based ExpressIFTA support team. We’re available Monday – Friday from 9 AM to 6 PM EST at support@expressIFTA.com.