How are IFTA taxes calculated?
Your IFTA fuel tax is calculated based on how many gallons of fuel you burn in each state. … You’ll need to calculate your fuel mileage over the entire quarter. You’ll need to calculate your total gallons burned in each state using the results from Steps 2 & 3. You’ll need to calculate your tax owed in each state.
What does an IFTA stand for?
International Fuel Tax Agreement
What are IFTA requirements?
Who needs IFTA?
- Any vehicle with two axles and a gross vehicle weight of over 11,797 kilograms or 26,000 pounds.
- A vehicle of any weight but with three or more axles.
- A vehicle that exceeds 11,797 kilograms or 26,000 pounds.
Who files IFTA?
Who has to register for IFTA? Qualified motor vehicles used/designed to transport people or property may require IFTA registration if they: Have three or more axles; or. Have two axles and a gross vehicle or registered gross vehicle weight of more than 26,000 pounds or 11,797 kilograms; or.
What states require IFTA?
What is IFTA in trucking?
The International Fuel Tax Agreement (IFTA) is a pact between the lower 48 states and the ten Canadian provinces that require all interstate motor carriers to report fuel taxes. … replace the old fuel tax system, in which trucks were required to have a separate decal for every state they operated in.
Do hotshot drivers need IFTA?
If you are under 26,000 with 2 axles you do not need IFTA. However, if your vehicle has wheels and you have an MC number, you MUST have SSRS. Your logs must be kept up to date when you are over 10,000 pounds. You will have to keep track of your jobs even if they are weeks apart.
How do I track my IFTA miles?
Tracking miles for IFTA
- Your ELD (Electronic Logging Device). …
- Keep a notebook and write the odometer when you cross state lines. …
- Use routing software that tracks state miles. …
- Use IFTA compatible trucking software. …
- Use a GPS or other device that records state by state miles per quarter. …
- Other methods.
What are non IFTA miles?
Non-IFTA State Miles are those miles ran in Non-IFTA Jurisdictions. These jurisdictions are: Alaska, Hawaii, District of Columbia, Yukon Territory, Northwest Territory, Nunavut, and Mexico. In your IFTA report, the miles you drove through the above mentioned jurisdiction are reported as Non-IFTA State Miles.
How do IFTA stickers work?
An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due.
How do I file an IFTA in Texas?
IFTA fuel tax reports can be filed electronically using Webfile or EDI software, or on paper using Form 56-101, International Fuel Tax Agreement (IFTA) Fuel Tax Report (PDF), and Form 56-102, IFTA Fuel Tax Report Supplement (PDF).