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Connecticut’s tax on diesel fuel will increase beginning July 1stConnecticut’s tax on diesel fuel will increase in less than a month, adding to the current strain on the trucking industry. The tax on diesel fuel is scheduled to increase on July 1st, but the Department of Revenue Services has yet to decide what the new tax rate will be as of June 14th. The current Connecticut tax on diesel fuel is 40.1 cents per gallon. “It...0 Comments 0 Shares 15K Views
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IRS reminds truckers about August 31 tax deadlineThe Internal Revenue Service (IRS) has issued a reminder to truckers that a major tax deadline is just weeks away. The Form 2290, Heavy Highway Vehicle Use Tax Return is due on August 31, 2022, for vehicles first used in July 2022. The IRS encourages truckers to e-file the form. Who must file Form 2290 and pay the tax? Truckers that have a highway motor vehicle with...0 Comments 0 Shares 11K Views
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Prime Inc. Sues IRS for $11 Million Tax Refund on Diesel Used to Power Refrigerated Trailers; Not to Drive the Trucks; Says Refrigerated Trailer Fuel Should Not Be Taxed as Highway FuelSPRINGFIELD, MISSOURI — Prime Inc., one of the country's largest trucking companies, has filed a federal lawsuit seeking an $11 million refund from the Internal Revenue Service for federal fuel excise taxes the company says were wrongfully collected on diesel fuel used to power its refrigerated trailer units — not to drive the trucks. The complaint was filed on June 16, 2026, in...0 Comments 0 Shares 700 Views
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Truckers Applaud New Tax Reform But Say Overtime Pay Still Left BehindWASHINGTON, D.C. — The recent passage of a major tax reform bill by the U.S. House of Representatives is bringing financial stability for many truckers, but industry leaders say it still leaves critical overtime pay issues unresolved. On July 3, lawmakers approved the One Big Beautiful Bill, which extends and modifies key parts of the 2017 Tax Cuts and Jobs Act. Among its headline...0 Comments 0 Shares 4K Views