2022 Fourth Quarter IFTA Tax Rate Changes You Should Know
When you are preparing for your IFTA reporting deadline, it’s important to be aware of all the key factors involved in IFTA reporting. And the first thing is the IFTA tax rate changes.
Tax rates for IFTA will change often, and there are some changes for the fourth quarter of 2022.
Purpose of IFTA
IFTA stands for the International Fuel Tax Agreement, which was made by the 48 contiguous United States and 10 Canadian provinces with the intention of streamlining fuel usage by interstate motor vehicles.
The IFTA must be reported and filed quarterly to the base jurisdiction by all the applicable vehicles.
Are you required to file your IFTA?
Listed below are the requirements for whether or not you need to file IFTA for your vehicle:
- The vehicle weighs 26,000 pounds or more
- The vehicle has three or more axles
- The vehicle travels through two or more jurisdictions
If your vehicle meets these requirements, you are required to report and file IFTA. In order to do this, you must report the amount of fuel purchased, and miles traveled in each jurisdiction. Once you file this with your base jurisdiction, the taxes will be distributed to each jurisdiction fuel was purchased.
2022 Fourth Quarter IFTA Tax Rate Changes
For the fourth quarter of 2022, there are changes in 7 states and provinces for the IFTA tax rates.
The table below will provide a clear overview of the tax rate changes. The states/provinces with increasing fuel tax rates are as follows:
| S. No | State/Province | Fuel Type | 3rd Quarter 2022 | 4th Quarter 2022 |
| 1. | Alberta | Gasoline | N/A | 0.1282 USD 0.0450 Can. |
| Special Diesel | N/A | 0.1282 USD 0.0450 Can. | ||
| Gasohol | N/A | 0.1282 USD 0.0450 Can. | ||
| Ethanol | N/A | 0.1282 USD 0.0450 Can. | ||
| Methanol | N/A | 0.1282 USD 0.0450 Can. | ||
| E-85 | N/A | 0.1282 USD 0.0450 Can. | ||
| M-85 | N/A | 0.1282 USD 0.0450 Can. | ||
| A55 | N/A | 0.1282 USD 0.0450 Can. | ||
| Biodiesel | N/A | 0.1282 USD 0.0450 Can. | ||
| 3. | Ontario | Ethanol | 0.4304 USD 0.1470 Can. | 0.2564 USD 0.0900 Can. |
| Methanol | 0.4304 USD 0.1470 Can. | 0.2564 USD 0.0900 Can. | ||
| E-85 | 0.4304 USD 0.1470 Can. | 0.2564 USD 0.0900 Can. | ||
| M-85 | 0.4304 USD 0.1470 Can. | 0.2564 USD 0.0900 Can. | ||
| A55 | 0.4304 USD 0.1470 Can. | 0.2564 USD 0.0900 Can. | ||
| 4. | Arkansas | Gasoline | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. |
| Special Diesel | 0.2850 USD 0.0973 Can. | 0.2840 USD 0.0997 Can. | ||
| Gasohol | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| Ethanol | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| Methanol | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| E-85 | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| M-85 | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| A55 | 0.2450 USD 0.0836 Can. | 0.2460 USD 0.0864 Can. | ||
| Biodiesel | 0.2850 USD 0.0973 Can. | 0.2840 USD 0.0997 Can. | ||
| 5. | Florida | Gasoline | 0.3650 USD 0.1246 Can. | 0.3650 USD 0.1281 Can. |
| Special Diesel | 0.3637 USD 0.1214 Can. | 0.3637 USD 0.1277 Can. | ||
| Gasohol | 0.3650 USD 0.1246 Can. | 0.3650 USD 0.1281 Can. | ||
| Biodiesel | 0.3637 USD 0.1242 Can. | 0.3637 USD 0.1277 Can. | ||
| 6. | Michigan | Gasoline | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. |
| CNG | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. | ||
| Ethanol | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. | ||
| Methanol | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. | ||
| E-85 | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. | ||
| M-85 | 0.4990 USD 0.1704 Can. | 0.4580 USD 0.1608 Can. | ||
| 7. | New Jersey | Gasoline | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. |
| Special Diesel | 0.4940 USD 0.1687 Can. | 0.4840 USD 0.1699 Can. | ||
| Gasohol | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| Ethanol | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| Methanol | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| E-85 | 0.4380 USD42400.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| M-85 | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| A55 | 0.4240 USD 0.1448 Can. | 0.4140 USD 0.1454 Can. | ||
| Biodiesel | 0.4940 USD 0.1687 Can. | 0.4840 USD 0.1699 Can. |
Source: https://www.iftach.org/taxmatrix4/Taxmatrix.php?QY=4Q2022
When are Fourth Quarter IFTA 2022 taxes due?
This year, the Fourth Quarter IFTA deadline is January 31, 2023. Any fuel purchased in different jurisdictions during the fourth quarter must be reported and filed with your base jurisdiction by the deadline.
TruckLogics – The Ideal Choice for IFTA Report Generation
Never worry about the ever-changing IFTA tax rates when you have TruckLogics! TruckLogics provides you with the following features to ease your IFTA report generation process:
- Multiple data import options to bring in your fuel up and mileage data.
- Once you enter your data, TruckLogics does the calculations for you.
- The tax rate calculations are automatic and accurate. This calculation lets you know the tax that you owe.
- You can download the report in state-specific reporting format and use it to file with your base jurisdiction as required by the state (either online or by paper).
Meet Your IFTA Reporting Requirements with TruckLogics Now!
Simply sign up and follow the steps below to generate your IFTA Report.
Step 1: Add your business details
Step 2: Add your truck details
Step 3: Enter your fuel and mileage information
Step 4: Generate the IFTA Report
Step 5: File it with your base jurisdiction
