The International Fuel Tax Agreement (IFTA) is required to be filed if a vehicle meets the following requirements:
it weighs 26,000 pounds or more
has three or more axles
travels through two or more jurisdictions
This agreement was made with the United States (excluding Alaska and Hawaii) and ten of the Canadian provinces. It is designed so that truck drivers can report fuel purchased in each state to their base jurisdiction and that jurisdiction is responsible for distributing the taxes to each state where the fuel was purchased in.
IFTA is a tax that is reported quarterly and the time frame of each quarter is as follows:
Quarter 1: January 1 – March 31 Quarter 2: April 1 – June 30 Quarter 3: July 1 – September 30 Quarter 4: October 1 – December 31
The deadline to file IFTA for each quarter is as follows (If the deadline falls on a weekend or holiday, the deadline will be moved to the next business day):
Quarter 1: April 30 (May 2, 2022) Quarter 2: July 31 (August 1, 2022) Quarter 3: October 31 Quarter 1: January 31
You can officially start reporting IFTA for the Second Quarter 2022 starting in July. For this quarter you will need to create a report with the miles traveled and fuel purchased in each jurisdiction between April 1st and June 30th, 2022. The deadline to file this report with your base jurisdiction is on August 1st, 2022 because July 31st, 2022 falls on a weekend this year.
In order to make sure that you create your report correctly with all of the necessary information, our sister product TruckLogics offers a simple easy-to-use IFTA reporting solution! With the TruckLogics IFTA-Only option, you are able to input data manually, through Motive (formerly KeepTruckin), or using the TruckLogics IFTA excel template to bulk upload your data. If you use the IFTA-Only option, the price is $24.95 per report per quarter. There are several features that make sure your data is correct such as a state adjacency check to make sure states that are reported are adjacent to each other.
TruckLogics also keeps track of IFTA rates and split rates for you so that you don’t have to do any unnecessary calculations. Reports are generated in state-specific formats and are printable so that you can paper file if your base jurisdiction allows it. If it does not, TruckLogics provides you with an e-filing worksheet so that you can e-file with your base jurisdiction.
What are you waiting for? The IFTA Second Quarter deadline is right around the corner. Don’t risk getting late fines, generate your IFTA report with TruckLogics today for a quick and stress-free IFTA reporting solution for the Second Quarter 2022.