Are you required to file your IFTA (International Fuel Tax Agreement)? If so, there is some important information you need to know.
Tax rates for IFTA will change often and there are some changes for the second quarter of 2022 (upcoming quarter). For the second quarter of 2022, there are changes in 9 states and provinces for the IFTA tax rates. The table below will provide a clear overview of the tax rate changes.
2022 Second Quarter IFTA Tax Rate Changes
The states/provinces with increasing fuel tax rates are as follows:
This year, the Second Quarter IFTA deadline is August 1, 2022, because July 31st falls on a Sunday. Any fuel purchased in different jurisdictions during the second quarter must be reported and filed with your base jurisdiction by the deadline.
How to handle IFTA tax rate changes?
Never worry about the ever-changing IFTA tax rates. Get started with TruckLogics’ IFTA only filing option. You will love using it for the following reasons:
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. These calculations let you know the tax that you owe.
You can download the report in state-specific reporting formats and use it to file with your base jurisdiction as required by the state (either online or by paper).