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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 13K 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 10K 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 2K Views