If a driver operates a vehicle that meets the following requirements: it weighs 26,000 pounds or more, has three or more axles, and travels through two or more jurisdictions; is required to file their IFTA (International Fuel Tax Agreement) if their vehicle meets the following requirements: it weighs 26,000 pounds or more, has three or more axles, and travels through two or more jurisdictions.
This agreement was made with the United States (excluding Alaska and Hawaii) and ten of the Canadian provinces. IFTA is designed with the purpose that truck drivers can report fuel purchased in each state to their base jurisdiction. The base jurisdiction is then responsible for distributing the taxes to each state fuel was purchased.
IFTA is reported quarterly and the time frame of each quarter is as follows:
Quarter 1: January 1 – March 31 Quarter 2: April 1 – June 30 Quarter 3: July 1 – September 30 Quarter 4: October 1 – December 31
The deadline to file IFTA for each quarter is as follows (If the deadline falls on a weekend or holiday, the deadline will be moved to the next business day):
Quarter 1: April 30 (May 2, 2022) Quarter 2: July 31 (August 1, 2022) Quarter 3: October 31 Quarter 1: January 31
The Second Quarter IFTA deadline is Monday, August 1, 2022. This means that there are only a couple of days left to create your IFTA report and file it with your base jurisdiction. The deadline to file this report with your base jurisdiction is on August 1st, 2022 because July 31st, 2022 falls on a weekend this year. It is important that the IFTA is filed before the deadline because there will be penalties. Penalties accrued for IFTA vary depending on the jurisdiction.
ExpressIFTA no longer offers IFTA reporting, but in order to ensure that you generate your IFTA report before the deadline correctly with all of the required information, our sister product TruckLogics offers an IFTA Only option that provides a comprehensive IFTA reporting solution. TruckLogics allows you to enter data manually, through the TruckLogics excel template to bulk upload data, or through Motive (formerly KeepTruckin) through ELDs. TruckLogics features a state adjacency check to make sure states you report having traveled through are adjacent. With TruckLogics you also don’t have to worry about keeping track of IFTA rates. TruckLogics keeps track of not only rates but split rates.
To generate a report using the TruckLogics IFTA Only option, the price is $24.95 per report per quarter. Reports are generated in state-specific formats and are printable so that you can paper file if your base jurisdiction allows it. If it does not, TruckLogics provides you with an e-filing worksheet so that you can e-file with your base jurisdiction.
The IFTA Only Option is not the only option that TruckLogics offers. TruckLogics is a full Trucking Management Software that offers dispatching, invoicing, tracking drivers, assigning drivers to loads, IFTA Reporting and much more. There are plans available for different fleet sizes available for fleet managers, brokers, and owner-operators. If you are interested in trying out the Trucking Management Software, TruckLogics offers a 15-day free trial. Please note that IFTA reporting is not available in the free trial.
Take advantage of all of the great features TruckLogics offers and start reporting IFTA before the Second Quarter 2022 deadline or sign up for the Trucking Management Software to streamline your trucking business today!