2290 Filing Deadline: How August 31 is Your Next April 15
Corrina Peterson, Editor - Transport
August 9, 2024
We’ve all heard the old adage from Benjamin Franklin, “Nothing is certain except death and taxes.” Most of us have no trouble remembering to file our personal income taxes. The similarities under the Heavy Vehicle Use Tax (HVUT) program may help us remember those as well.
While there are slight differences between the programs, the similarities prevail.
| Personal income taxes | HVUT |
Implementing agency | Internal Revenue Service (IRS) | |
Use of the funds | Both fund government programs. In the case of HVUT, that means funding the Highway Trust Fund. | |
Filing frequency | Annually | |
Penalties | Penalties for filing late or underpaying. | |
Government forms | 1040 | 2290 |
Basis of taxes | Personal income | Vehicle weight |
Due dates | April 15 for most | August 31, and when a new vehicle is added during the year |
Records | 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later | at least 3 years after the date the tax is due or paid, whichever is later |
Who must file
The HVUT applies to highway motor vehicles having a taxable gross weight of 55,000 pounds or more and includes trucks, tractors, and buses. You may be an individual, corporation, partnership, or any other type of organization (including nonprofit charitable, educational, etc.).
The bottom line
Since we know it’s as certain as “death and taxes,” remember to put HVUT on your annual schedule and pay by August 31 each year.
How J. J. Keller Can Help
2290online the only 2290 service backed by nearly 75 years of DOT compliance experience, including an on-staff team of fleet tax experts who can answer all of your filing questions to ensure you’re compliant.
Additionally, you'll never worry about having to re‑enter your VIN numbers. We keep that conveniently stored for you, helping you stay organized with all your new truck sales and purchases.