2 Simple Steps to Reduce Your IFTA Payment
1. Compute your IFTA payment now.
Take a minute* and figure out how much you will owe IFTA right now, if you didn’t drive another mile.
2. Determine where you need to buy your next tank of fuel.
Which state haven’t you bought fuel in during the past quarter? Make sure you buy your next tank there.
Is it really that simple to reduce your IFTA payment?
In a word, yes. Being strategic where you buy fuel does help reduce your IFTA payment.
IFTA collects the fuel tax based on the mileage per state. So when you know your upcoming IFTA bill, you can make decisions about reducing the amount you may owe one state by purchasing your fuel there.
But New York’s Fuel Tax Rate…
Yeah, we know. It’s painful to pay so much at the pump when you know you’ll pay a lot less in another state. In the end, you’re not paying less tax, you’re just paying more of it at the pump and less on your quarterly IFTA payment.
TruckingOffice’s IFTA Strategy
We update the fuel tax rates as soon as possible so that you can have an accurate report whenever you run it. That way, you can make tactical decisions to control your IFTA payment every quarter, not just April. Because the IFTA calculator is part of the entire trucking management software program, you
- won’t have to pay for an additional use of a stand-alone IFTA program
- don’t have to pay for your accountant to figure it out in March
- can do it from the cab of your rig
- will know how much fuel to buy as you’re standing next to the pump.
We know that the IFTA payment is one of the chief annoyances we face as truckers. By making it simple and fast, you get it done without taking a day off the road. By making it always available, you have the information you need to plan ahead.
Our strategy works when you’ve got a complete trucking management software to give you complete trucking management solutions. And we make it easy. Every part of TruckingOffice is completely integrated. Your mileage goes from dispatch to invoice to IFTA without you spending extra time reentering data. Your expenses go from entry to invoices to business reports to make your trucking business successful.
TruckingOffice makes it easy
We’ll make it even easier: sign up now for our free trial. You can enter the entire quarter’s data into TruckingOffice – we’ve made it as simple as possible to get your invoices, dispatches and maintenance records into the program. Then you can compute your IFTA payment right now.
Got more questions about TruckingOffice Trucking Management Software? We’ve got answers on our TMS page.
Worried about IFTA? Got a question? We’ve got answers! Check out the IFTA Resource Center.
*Yes, a minute – if you’re using TruckingOffice’s IFTA report. It only takes a minute to run any report in TruckingOffice TMS. Try it and you’ll see!