What is IFTA?
The International Fuel Tax Agreement — also known as IFTA — is a fuel tax collection and sharing agreement for the redistribution of fuel taxes paid by interstate commercial carriers.
So, Who Needs IFTA?
📎Truck has two axles and a gross vehicle weight (GVW) exceeding 26,000 pounds or has three or more axles.
📎Transport goods across different states
📎Truck with a trailer and their combined weight exceeds 26,000 pounds.
How do I report the information?
Carriers submit a quarterly tax return to their base state that covers motor fuel usage and the distance traveled in IFTA member jurisdictions for all their qualified vehicles.
The due dates for filing a tax return and submitting payment are the last day of April, July, October, and January.
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Services By Mary Fuentes
410-934-9836
servicesbymaryfuentes@gmail.com