What do you think?
Two Trucks.
90700 miles
13630 Gallons
Running All 48 states
mostly east to west coast loads
$826 for IFTA
I've never paid this much, but at the same time we never ran that many miles either.
What do you guys think?
Sounds right or was there a mistake made ( gas receipt not received, miscalculation etc.)
THANKS
paying too much for IFTA?
Discussion in 'Ask An Owner Operator' started by Rich_Trucking, Jul 28, 2014.
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miles alone dont determine how much you pay for ifta,you have to consider where do you fuel.
SHO-TYME, dannythetrucker and Rich_Trucking Thank this. -
If you bought the cheapest fuel possible pretax and it happened to be in low tax states, don't worry about it. If you don't know what I'm talking about or just fuel where the pump price is the cheapest, then it's time for some education
dannythetrucker and Rich_Trucking Thank this. -
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You're going to drive where you're going to drive, so you're stuck with whatever the final bill is going to be for that period. But, what you do have an impact on is which states you fuel in. This is where a lot of people get into trouble, since they look for the lowest pump price without taking the tax into consideration, when the real number you look at should be pump price minus whatever that state tax is.
So, if you fuel in higher tax states, driving through those lower tax states gains you a credit at the end of the quarter. But, if you tend to fuel in the lower tax states, you didn't pay enough into the system to cover your driving through the higher tax states and end up owing money at the end of the quarter.
Does that make sense? Not sure I did the best job explaining it.double yellow and Rich_Trucking Thank this. -
RedForeman and Rich_Trucking Thank this.
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It's a + and minus game. You pay the going rate per gallon of each state's fuel tax for every mile you drive in that state. It doesn't matter to the tax people where you buy your fuel. I live on the border of VT and NH. NH has a 16 cents per gal tax(going up next 1/4) and VT has a 32cent tax(goes up almost every 1/4). If I buy fuel in VT and drive in NH i get an IFTA credit. If I buy fuel in NH and drive in VT i owe the NH IFTA. But that means the fuel at the truck stop just over the border into NH that is 10 cent cheaper isn't cheaper .
Last edited: Jul 28, 2014
Rich_Trucking Thanks this. -
Rich_Trucking Thanks this.
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If you owe it on your return, it means you didn't pay it at the pump.
At the end of the quarter, you're going to pay the same amount no matter what. -
You got an interest-free loan, congrats
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