The Quick Guide to Prorated Form 2290 Tax

Stumbling through the realm of heavy vehicle use tax (HVUT) need not be difficult, particularly if you're reporting a new vehicle halfway through the year. That's where prorated Form 2290 tax comes in. As your go-to e-file solution, we aim to make it all easy to understand and penalty-free.

What is Prorated Form 2290 Tax?

The HVUT is usually paid for one full tax year, July 1 to June 30. But if you buy a new heavy vehicle and put it on the road after the first month of the tax year, you don't need to pay for the whole year. You'll pay a prorated tax amount according to the month when you first used the vehicle. The prorated amount is for the rest of the months in the tax year.

Who Must File Prorated Form 2290?

All owners of heavy vehicles with a taxable gross weight of 55,000 pounds or more are required to file a prorated Form 2290 if they put a new vehicle into service on a public road during any month except July. The due date is the last day of the month after the month in which the vehicle was first put into service. For instance, if you initially utilize your new truck in January, your due date is the end of February.

How to Calculate Prorated Tax

The IRS has a detailed schedule for prorated taxes on Form 2290. How much you owe varies depending on the month of first use of the vehicle and its taxable gross weight. For instance, the tax on a new vehicle with a gross weight of 80,000 lbs is less if first used in December than on one used in August.

To make this an easier process, our website at simpletrucktax.com has a tax calculator built into it that automatically calculates the proper prorated amount for you. You simply enter your vehicle's information, and we take care of the rest.

Why E-Filing Prorated Tax is the Smart Choice

e-filing your prorated Form 2290 with us is the quickest, most accurate method of obtaining your Stamped Schedule 1. Using our service, you can swiftly compute the correct tax, file remotely, and obtain your Stamped Schedule 1 back from the IRS in mere minutes.