What is IFTA?
IFTA stands for the International Fuel Tax Agreement. It’s a cooperative agreement between 48 states in the U.S. ( (except for Alaska, Hawaii, and the District of Columbia)) and 10 provinces in Canada (Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan) . It allows inter-jurisdictional carriers to report and pay taxes for the fuel their vehicles consume across states. Using a single fuel tax license.
Who needs to register for IFTA?
If you operate a commercial vehicle that transports people or property across state lines, you have to register it if one or more of these apply:
- It has three or more axles.
- It has two axles and a gross vehicle weight of over 26,000 pounds.
- It’s used in a combination that weighs more than 26,000 pounds total.
At TAGIT IRP SERVICES, we provide comprehensive IFTA (International Fuel Tax Agreement) services to ensure seamless interstate travel for your fleet. We understand the challenges of managing fuel taxes across various states and offer expert solutions to streamline this process. Our team stays informed about the latest IFTA regulations and updates, ensuring that your business remains compliant and efficient in its operations. With our support, you can focus on your core business activities, leaving the complexities of IFTA to us. Our expertise in IFTA services includes:
- IFTA Decals and Reporting: We assist both new and existing businesses in obtaining and renewing IFTA decals, which is crucial for legal interstate travel.
- License and Filing in Multiple States: Our services extend to obtaining IFTA licenses and managing filings in various states, including Kentucky (KY), New Mexico (NM), New York (NY), Oregon (OR), and Connecticut (CT).
IFTA Quarters
Below is a list of the IFTA return due dates for each reporting quarter:
- 1st quarter (January to March) — April 30
- 2nd quarter (April to June) — July 31
- 3rd quarter (July to September) — October 31
- 4th quarter (October to December) — January 31
Late payment fees will be incurred if you pay after the IFTA quarters deadlines.
Interested in learning more about how we can assist with your trucking needs? Contact us today to discover the range of services we offer and how we can tailor them to suit your specific requirements. Let’s start a conversation that drives your business forward!