Fuel prices/ IFTA

of course since only state taxes matter for ifta, your post only confuses the situation

 

so you are paying 300 a quarter in ifta and you think the fuel is lower in cost?? lord help me jesus

 

Have you looked at your IFTA report? I pay that because I underpay during the quarter, most drivers don't understand fuel tax, seems to be the case here.

 

sport , I paid fuel taxes before ifta existed and you filed returns by state. in 2012 I ended up with a 48 cents credit for the entire year and this past year 2013 I had a 3.40 credit for the entire year over the 4 quarters. every quarter I was dang near right on the money, not a penny had to ever be paid in.

if you are paying in 300 bucks every quarter, you are the one who doesn't know how ifta works, now get a 300 buck credit and you will. the object is buy where ya don't have to pay in

 

Old sport, you should check the attitude at the door. I really don't care how long you been paying fuel tax. I was taught by the best, you pay in at the pump, maybe too much or not enough at the end of the quarter its balanced out. The amount is based on your MPG average, how many miles you run in each state, and the rate each state charges. You pay for miles run in each state, not gallons bought.

 

You actually pay for gallons used ... MPG - and it's not really your true MPG - is used to calculate the gallons you used via the miles you ran.

As for the issue of whether you are doing it right or wrong on how much IFTA you do or do not pay ... depends. Where do you run? What are the fuel price options? And as I stated early you can't make your IFTA decisions in a vacuum ... the real name of the game is maximizing how much of the FSC you keep in your pocket ... that means beating the EIA national average. IFTA and FSC have to be managed together, you can save a few pennies on your taxes and pay for it with dollars on your revenue.

 

Explain to me the difference between what I said about mpg vs what you said, sounds the same to me.

They total miles ran, divided by gallons purchased. This gives the average MPG for quarter.
Then that mpg times miles run in each state. This gives you gallons burned in each state.
Then each state multiplies gallons burned by their tax rate. The gives you total owed per state you ran in.
All states are then totaled. This gives you amount owed in fuel tax for quarter.

All state fuel taxes payed at the pump are totaled. This gives you the total state fuel taxes paid at the pump.
The fuel tax paid is subtracted from fuel tax owed. This gives you the amount you still owe, or the amount they owe you if you over paid.

 

my chart has all of them in it...its end up being the same thing since fed tax is the same in all states.

 

Buying fuel at the cheapest pre-tax price is the most economical fuel cost in the long run. It's all about the bottom line.

 

i rarely pay IFTA, typically i get a check back every quarter

my strategy is this

fuel in NC, PA, IL, FL

and treat yourself to a few SC, 'VA, TN, when the price is right

i avoid the TA, Pilot, Flying J, Petro, Loves, i get better costs at Sheetz, QT, and other smaller outfits

The other day i paid $3.89 in NC while Pilot was $4.05, why pay more for the same IFTA? at 200 gallons, i saved some money, but the best part was that VA Wytheville was charging 3.99, so i was Daddy Warbucks for a day