Connecticut IFTA Information
Connecticut or The “Constitution State” also known as the “Nutmeg State” has a population of nearly 4 million people and is home to the first phone book. In regards to IFTA, Connecticut requires qualified motor vehicles to submit their IFTA application to the Department of Revenue Services. The fee for all IFTA credentials is currently $10. Once you have received your IFTA license, your tax form will be mailed during the last week of the quarter.
Connecticut State IFTA Requirements
Connecticut requires first-time IFTA licensees to register with DRS (the Department of Revenue Services). You are also required to file a form CT-IFTA-2, which is the IFTA license application for Connecticut carriers. But first, you need to determine whether your motor vehicle qualifies for the license. If your rig will be used for interstate transport of passengers or property and is a two-axle or three-axle vehicle that has a GVW exceeding 26,000 pounds, you will need an IFTA permit.
If you’re new to the trucking industry, you will have many questions about IFTA. Most of the information can be found online, but be careful that you are on a reputable website to ensure that you are getting the correct information. We would like to assist you by answering a few of the most commonly asked questions about IFTA licensing and fuel tax reporting. Also, we can help you determine whether you will benefit from using trucking management software to help you stay organized and compliant.
What is the IFTA and what does it do?
The IFTA (International Fuel Tax Agreement) was created to simplify fuel tax reporting and disbursement among jurisdictions. It also reduces the number of IFTA decals and forms that a trucker must keep current.
Does the IFTA apply to me? Who needs an IFTA sticker?
If you use your vehicle across state lines for commercial purposes, the answer is — Yes, the IFTA license application is required.
How do I report quarterly IFTA fuel taxes?
Fuel use taxes must be filed each quarter before the due date. You can file using the Connecticut IFTA Fuel Tax Form found here. After filing or renewal, IFTA will send you an IFTA sticker and IFTA permits via mail. Failure to submit by the due date can result in a penalty of 10% of the taxes owed or $50, whichever is greater. The due dates for quarterly filing are as follows:
Quarterly IFTA Due Dates
|Q1 January – March||April 30|
|Q2 April – June||July 31|
|Q3 July – September||October 31|
|Q4 October – December||January 31|
Renewing Your Connecticut IFTA License
IFTA licenses are issued for one year, expiring on December 31st. The state of Connecticut will notify you when it is time to renew your IFTA license. The IFTA now requires that you use the online registration process to renew the license. You will need to create an account with a username and password. Licenses will not be renewed if you have not paid all taxes due and your account is not in good standing. This is one of the many reasons why you should consider using a trucking management software. You won’t have to worry about deadlines and paperwork and can spend your valuable time driving.
Benefits of a Trucking Management Software
Imagine being free from all the hassles of invoicing, keeping up with receipts, filing quarterly taxes, vehicle maintenance, and more. We track everything you need for IFTA including miles by state and fuel gallons by state. Your miles are calculated automatically using PC*Miler. TruckingOffice makes filing your quarterly IFTA easy by keeping all of your information in one place, and you can access it anytime online. The best part of being organized is that you will have more time to spend growing your business. Contact us today to learn more about why you need a trucking management software to help you save time and money. Start filing your IFTA the easy way today!