The International Fuel Tax Agreement (IFTA) needs to be filed if a vehicle weighs more than 26,000 pounds, has three or more axels, and travels through two or more jurisdictions. This agreement was made with the United States (excluding Alaska and Hawaii) and ten of the Canadian provinces. It is designed for truck drivers to report fuel purchased in each state to their base jurisdiction so that the base jurisdiction can distribute the taxes to each state the fuel was purchased in.
IFTA is filed quarterly and the time frame of each quarter is as follows:
Quarter 1: January 1 – March 31 Quarter 2: April 1 – June 30 Quarter 3: July 1 – September 30 Quarter 4: October 1 – December 31
The deadline to file for each quarter is as follows (If the deadline falls on a weekend or holiday, the deadline will be moved to the next business day):
Quarter 1: April 30 (May 2, 2022) Quarter 2: July 31 (August 1, 2022) Quarter 3: October 31 Quarter 1: January 31
Today July 1st, 2022 marks the start of reporting IFTA for the Second Quarter 2022. For this quarter you will need to create a report with the miles traveled and fuel purchased in each jurisdiction between April 1st and June 30th, 2022. The deadline to file this report with your base jurisdiction is August 1st, 2022 because July 31st, 2022 falls on a weekend this year.
In order to make sure that you create your report correctly with all of the necessary information, TruckLogics offers a simple easy-to-use IFTA reporting solution. If you already have a TruckLogics subscription of the Preferred tier or higher, you automatically get this feature included in your subscription. If you do not currently subscribe to TruckLogics there is a new IFTA Only option available where you can input your data and pay only when you generate an IFTA report. You are able to input data manually, through Motive (formerly KeepTruckin), or using the TruckLogics IFTA excel template to bulk upload your data. If you use the IFTA only option, the price is $24.95 per report per quarter but there are several features that are there to make sure your data is correct such as a state adjacency check to make sure states that are reported are adjacent to each other.
TruckLogics also keeps track of the IFTA rates for you to save you from doing any unnecessary calculations. Reports are generated in state-specific formats and are printable so that you can paper file if your base jurisdiction allows it. If it does not, TruckLogics provides you with an e-filing worksheet so that you can e-file with your base jurisdiction.
What are you waiting for? Don’t risk getting fined for being late to file your IFTA. Generate your IFTA report with TruckLogics today for quick and stress-free IFTA reporting for the Second Quarter 2022.