Penske says I owe $4,000 in IFTA fees?
Discussion in 'Trucker Taxes and Truck Financing' started by Peterbuilt1013, Jan 4, 2019.
Page 6 of 8
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
So if you did a trip of 100 miles in Cali and 100 in Oregon and your truck got 10 mpg you would owe each state 10 gallons worth of fuel tax. If you bought your 20 gallons in Oregon where the tax rate is 0.00 you would owe California 10 x 0.70 = 7.00. Now let's say you bought 20 gallons in California. You have credit of 20x.7=14.00 but your tax due is only 7.00 since California wants 10 gallons at .7 and since Oregon is 0.00 you would be entitled to a refund of 7.00.
Clear as mud? Lol...PE_T, brian991219, haycarter and 3 others Thank this. -
-
roshea, brian991219, p608 and 6 others Thank this.
-
Then we get into who has the bestest fuel card discounts or how to find that place that's a few pennies lower... yada yada yadabrian991219 and Oxbow Thank this. -
baha Thanks this.
-
Basically you pay tax on fuel when you buy it. Every state has a different amount they charge.
Then you have to pay tax on how much fuel you burned in each state. Again different rates in every state. That is paid out of how much tax you paid when you bought the fuel. If you paid enough tax at the pump. Then you don't owe, but If you didn' pay enough tax you owe. I could go on for an hour. But just do a quick search, many videos explaining it online. -
Bean Jr. Thanks this.
-
Let's say Oregon is 2.30 and California is 3.10
(Don't remember nm rate off hand)
It's easy for me. When I go that way The same spots have the best prices for me. Ez trip Fresno. Little America flagstaff. Place at exit 369 in New Mexico. Cuba mo independent there. Gets me to Windsor husky. My network isn't giant and there's other places but these always are the best for me. Rather spend it in smaller stops as much as possible.Oxbow and bryan21384 Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 6 of 8