How Is Ifta Tax Calculated? (Question)

Your IFTA fuel tax is calculated based on how many gallons of fuel you burnin each state. You’ll need to calculate your fuel mileage over the entire quarter. You’ll need to calculate your total gallons burned in each state using the results from Steps 2 3. You’ll need to calculate your tax owed in each state.

How is IFTA calculated?

First, you need to calculate how many gallons of fuel you burnt per mile traveled (fuel mileage).

  1. Add up the total number of gallons of fuel you have purchased (while you’re at it, jot down how much fuel tax you paid in each state – more on this in later)
  2. Add up the total number of miles traveled across all states.

How much are IFTA taxes?

If the proposed legislation passes, the IFTA reg fee will be based on the number of vehicles: 1 vehicle, $25.00; 2 – 4 vehicles, $100.00; 5 – 9 vehicles, $200.00; 10 – 24 vehicles, $400.00; 25 – 49 vehicles, $750.00; 50+ vehicles, $1,500.00.

How does IFTA tax work?

Taxes are paid at the pump and dispersed to each state. The taxes are distributed based on the miles driven in each state. If you purchase fuel in a state with a low fuel tax rate and drive in a state with a high fuel tax rate, you will most likely owe taxes at the end of the quarter.

How do you keep up IFTA miles?

We’ve compiled a few options.

  1. Use IFTA compatible trucking software.
  2. Your ELD (Electronic Logging Device).
  3. Keep a notebook and write the odometer when you cross state lines.
  4. Use routing software that tracks state miles.
  5. Use a GPS or other device that records state by state miles per quarter.
  6. Other methods.
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What are IFTA miles?

What are IFTA Miles? International Fuel Tax Agreement miles or IFTA miles are all miles or kilometres your vehicle ran throughout the quarter in each IFTA-only jurisdiction, including empty or deadhead miles, mileage for moving around the yard or to the mechanic shop, and personal conveyance miles.

How do you calculate truck drivers salary?

To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile.

What is the tax on diesel fuel?

How much tax do we pay on a gallon of gasoline and on a gallon of diesel fuel? Federal taxes include excises taxes of 18.3 cents per gallon on gasoline and 24.3 cents per gallon on diesel fuel, and a Leaking Underground Storage Tank fee of 0.1 cents per gallon on both fuels.

Are IFTA taxes deductible?

You also face fuel and mileage taxes under the International Fuel Tax Agreement (IFTA). If you’re leased to a carrier, the company might handle the payments. Especially important are expenses you incur running your business. If it’s work related, chances are it’s deductible according to the Internal Revenue Service.

How do you calculate mileage on a truck?

Get the miles traveled from the trip odometer, or subtract the original odometer reading from the new one. Divide the miles traveled by the amount of gallons it took to refill the tank. The result will be your car’s average miles per gallon yield for that driving period.

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How do I add fuel receipts to Keeptruckin?


  1. On the Logs screen, tap Menu in the top left corner.
  2. Select Documents from the left menu.
  3. Tap on the + icon from the bottom right, to take a photo of the fuel receipt.
  4. After taking the photo, select Fuel Receipt under Choose document type.
  5. Fill out all the required fields (*).
  6. Tap Save.

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