Updating the IFTA Fuel Taxes Tables (So You Don’t Have To)
With IFTA coming due in a just a few weeks, TruckingOffice has updated the fuel tax tables in preparation for the quarterly filing.
To say we were surprised at what New Jersey just did isn’t a lie. We are shocked!
New Jersey Nearly Doubles Tax Rate
I’m pretty sure I know plenty of truckers who used to buy their fuel in New Jersey when it had a low fuel tax aren’t going to be stopping there anymore. Their new rate of $.334 per gallon is still cheaper than New York, which dropped its tax rate from 0.3825 to 0.3755 per gallon. The state of New Jersey cut other taxes but raised the fuel tax – moving their financial burdens onto truckers and other drivers in that state. I don’t know that that’s going to solve their financial problems, but it’s good to hear that they plan to invest more into the roads and bridges inside the state.
New York, Georgia, and West Virginia have all lowered their fuel taxes this year. Not by much, but some.
More states and jurisdictions did raise their rates: Alberta moved theirs up almost 50%! However, most stayed the same.
Keeping Track of Your Fuel Taxes
I remember doing my IFTA the old-fashioned way. State by state, mile by mile, hour by hour… Days of headaches and worry.
Thanks to TruckingOffice, it’s not that way anymore. In fact, TruckingOffice makes it so simple that I almost forget about them. I’m not procrastinating – I’m merely delaying the time that I have to send in my taxes – just like everyone else on April 15th.
The real key to doing your IFTA taxes quick and easy is to manage the data right from the very first. At the dispatch. At the moment the job is yours. Enter the pickup and delivery locations. Let PC*Miler figure out the best route. You won’t have to reroute often if you’re using the government-standard program – and you won’t have to answer if the government comes to call for an audit. PC*Miler is what they use – so if you’re using it too, they can’t make an issue out of your reports.
Your fuel taxes have to be based on the latest data. That’s what we take care of here in TruckingOffice. We do the math and we make sure that the math is right. Instead of worrying about the numbers, you only have to worry about… paying the taxes.
Don’t forget – the IRS says that if the due date falls on a weekend, you have until the next business day to file. That makes your first quarter filing due on May 1, 2017. But why wait? Get your fuel taxes done fast with TruckingOffice and get on the road.
We’ll make you a deal: give us a trial run.
Take TruckingOffice out for a free ride and enter all of last quarter’s data into it. Then run the IFTA report and see what you’ll save by using us to compute your taxes quickly and paying them accurately.