Your 2023 2nd Quarter IFTA Report Filing Deadline is Here!
A driver of a vehicle is required to file their IFTA (International Fuel Tax Agreement) if their vehicle meets the following requirements: it weighs 26,000 pounds or more, has three or more axles, and travels through two or more jurisdictions.
This agreement was made between the 48 contiguous U.S. states and ten Canadian provinces. IFTA is designed with the purpose that truck drivers can report fuel purchased in each state to their base jurisdiction. The base jurisdiction is then responsible for distributing the taxes to each state where fuel was purchased.
IFTA is reported 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 IFTA 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 1, 2023)
Quarter 2: July 31
Quarter 3: October 31
Quarter 1: January 31
The Second Quarter IFTA deadline is Monday, July 31, 2023. This means that there are only a few hours left to create your IFTA report and file it with your base jurisdiction. It is important that the IFTA is filed before the deadline because there will be penalties. Penalties vary depending on the jurisdiction.
In order to ensure that you generate your IFTA report before the deadline correctly with all of the required information, the TruckLogics’ IFTA Only option offers a comprehensive IFTA reporting solution. TruckLogics allows you to enter data manually, through the TruckLogics excel template to bulk upload data, or through Motive (formerly KeepTruckin) through ELDs. TruckLogics features a state adjacency check to make sure states you report having traveled through are adjacent. With TruckLogics you also don’t have to worry about keeping track of IFTA rates. TruckLogics keeps track of not only rates but split rates.
To generate a report using the TruckLogics IFTA Only option, the price is $24.95 per report per quarter. 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.
The IFTA Only Option is not the only option that TruckLogics offers. TruckLogics is a full Trucking Management Software that offers dispatching, invoicing, tracking drivers, assigning drivers to loads, IFTA Reporting, and much more. There are plans available for different fleet sizes available for fleet managers, brokers, and owner-operators. If you are interested in trying out the Trucking Management Software, TruckLogics offers a 15-day free trial. Please note that IFTA reporting is not available in the free trial.
Take advantage of all of TruckLogics’ great features and start reporting IFTA before the Second Quarter 2023 deadline today!
