IFTA reporting is necessary because, while state fuel tax would typically cover mileage traveled in a certain state, truckers frequently cross state borders. Therefore, where they purchase fuel isn’t always an accurate depiction of where they’re using it.
You’re required to participate in IFTA reporting if your vehicle has 2 axles and a gross vehicle weight or combined weight over 26,000 pounds, has 2 axles and a registered gross weight over 26,000 pounds or has 3 or more axles regardless of weight.
What Information Do You Need?
To complete your IFTA tax return, you’ll need the following information:
– Total miles traveled per jurisdiction
– Total gallons of fuel consumed per jurisdiction
– Total tax paid/gallons of fuel purchased per jurisdiction
– Current tax rate per jurisdiction
Calculating this information is easy with our free IFTA tax calculator.
All you have to do is select your base jurisdiction, choose the IFTA fuel tax quarter & fuel type, and enter miles traveled/fuel purchased for each state.