IFTA - Kind of new to it. Am I doing it wrong?
Discussion in 'Expediter and Hot Shot Trucking Forum' started by Miroh, Jul 7, 2019.
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24kHotshot, procharged392 and singlescrewshaker Thank this.
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This is a basic ifta form you file quarterly.
My state has the form on their website.
You fill it out online and submit. No paper.
The online forms calculate the tax owed or credit you receive. You just fill out the miles you ran and gallons you have for each state.Attached Files:
Wespipes, singlescrewshaker, Bean Jr. and 1 other person Thank this. -
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singlescrewshaker Thanks this.
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Good to see you learned the system and will get a refund.Bean Jr. Thanks this. -
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Here's a quick example based off simple #'s..
Above NY diesel tax rate was quoted @ .3815 so we will use that.
Say you have a quarterly mpg average of 10mpg.
You travel 1000 miles inside NY state.
You purchased 90gals in NY state.
You burned 100gals though while in NY based of your quarterly average mpg.
You owe NY for 10gals worth of fuel tax. .3815x10=$3.82 because you round up..
Do that for all jurisdictions based on their tax rate. Some you will owe, some will owe you. It's a fun few hours every quarter..Lite bug Thanks this. -
Yeah I figured it out. I wasnt adding in the purchased gallons in each state. My states website auto fills it based on the Miles and total gallons purchased but I didnt know to add the next column lol. Turns out I only owed $71.17 last quarter. Nothing this quarter.
Refund from amended last quarter already sent lol.singlescrewshaker and Bean Jr. Thank this. -
Now that you got it down, it should be easy from here on out. I too now use my states online system, which is easier. It never seemed to function right even a year or so back, so I've done quite a few by hand, & calculator..Bean Jr. Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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