IRS Form 2290 Payment Options

About HVUT Form 2290

HVUT Form 2290 is an IRS tax form filed by owners or operators of heavy vehicles that operates on public highways with a gross weight of 55,000 pounds or more. It is an annual tax imposed on heavy vehicles used on public highways to fund the maintenance and improvement of the country's transportation infrastructure.

However, vehicles that run less than 5,000 miles (7,500 miles for agricultural vehicles) are considered tax-suspended vehicles. If you own such a vehicle, you are not required to pay the heavy vehicle tax but should file Form 2290.

Methods for Paying HVUT

The IRS offers several payment options to accommodate the diverse needs of HVUT taxpayers. You can select any of the below-mentioned options at your convenience.

These options include:

• Electronic Funds Withdrawal (EFW)
• Electronic Federal Tax Payment System (EFTPS)
• Credit or Debit cards
• Check or Money Order

Electronic Funds Withdrawal (EFW)

Electronic Funds Withdrawal (EFW) is the most preferred payment method by the IRS for taxpayers who want to e-file their 2290 excise tax form.

Choosing this option allows taxpayers to authorize the IRS to withdraw the HVUT balance due amount they owe directly from their bank account. You must provide your bank account and routing number for this payment method.

The tax amount will be debited from your bank account only after your Form 2290 gets accepted by the IRS. Please make sure to have enough funds in your bank account.

Electronic Federal Tax Payment System (EFTPS)

Electronic Federal Tax Payment System (EFTPS) is a free electronic payment system provided by the U.S. Department of the Treasury.

You can opt for this payment option if you are enrolled in EFTPS. However, if you do not have an EFTPS account, you can create one for free by visiting www.eftps.gov or contacting 1-800-555-4477. It might take about 10-15 days to set up an EFTPS account.

While using this payment option, you must schedule your EFTPS payment by at least 8 p.m. EST on the day before the due date, to ensure your payment goes through within the deadline.

Credit or Debit cards

The IRS also supports credit/debit card payment options for HVUT payments. It supports major credit cards like Visa, Mastercard, American Express, and Discover.

You can initiate the Form 2290 HVUT payment using your credit/debit card online or by phone.

While using this option, your HVUT tax payment will be processed by a service provider or a licensed payment processor who will charge a processing fee based on your overall tax amount. Usually, you will be charged around 2% of your total 2290 tax amount as service fees by the licensed payment processor.

Check or Money Order

Taxpayers can pay their HVUT tax non-electronically using a check or money order.

Please follow these instructions if you are sending a check or money order for HVUT payment:

Mail your payment and 2290 Voucher to
Internal Revenue Service
P.O. Box 932500
Louisville, KY 40293-2500

You will receive your stamped Schedule 1 irrespective of your payment status. Though, make sure to complete the payment to the IRS before the 2290 deadline.

Deadline for Filing Form 2290

The deadline for filing HVUT Form 2290 with the IRS will be the last day of the month following the vehicle's First Used Month (FUM). The current tax period for heavy highway vehicles begins on July 1, 2024, and ends on June 30, 2025.

Penalties for Late Filing Form 2290

Failing to file Form 2290 and pay the tax dues by the deadline may result in penalties imposed by the IRS. So, it's necessary to file Form 2290 on time to avoid unnecessary penalties and interest charges. There are also penalties for filing false or fraudulent returns.

Below are the penalty rates for Form 2290:

To avoid penalties, you can show a reasonable cause for failing to file Form 2290 or pay taxes on time and can request penalty relief by sending a letter to the IRS with an explanation.