taxes archivos - SaintGeorge

IRS Form 2290 deadline is close: here’s what truckers need to know

Form 2290 must be filed annually by anyone who registers a highway motor vehicle in their name with a taxable gross weight of 55,000 pounds or more. The deadline to file IRS Form 2290 for truckers is quickly approaching. This form applies to owners of heavy vehicles operating on U.S. highways and is required by […]

Highway bill under debate: are truckers paying too many taxes?

New highway bill sparks debate: truckers pay nearly 20 times more per mile traveled than the average car owner. Congress is currently working on the development of a new highway bill. However, a debate has emerged within the trucking industry that could influence the final decision. According to data from the Owner-Operator Independent Drivers Association […]

IRS Extends Tax Deadlines for Disaster-Area Taxpayers in 12 States Until May 1, 2025

Fall deadlines apply to additional states; special relief available for those affected by terrorist attacks in Israel. The Internal Revenue Service (IRS) is reminding individuals and businesses in areas covered by federal disaster declarations in 2024 that they have until Thursday, May 1, 2025, to file their federal income tax returns and make tax payments […]

A journey through the U.S. tariffs history

Although this topic has gained prominence in recent times, the history of U.S. tariffs began long before 2025, with the Underwood Tariff Act in 1913. In the latest updates on tariffs, President Donald Trump has declared that on April 2, “reciprocal” tariffs will be announced, a measure that has been dubbed the “Liberation Day.” Since […]

No Tax On Overtime Proposal by Donald Trump: What you need to know

Trump’s No-Tax-On-Overtime proposal aims to provide financial relief to workers by reducing their tax burden on overtime pay, tips, and Social Security benefits. Donald Trump’s proposal to eliminate federal taxes on overtime pay, tips, and Social Security benefits is designed to increase workers’ take-home pay and stimulate economic growth. Background During the 2024 presidential campaign, […]

China retaliates against U.S. tariffs with new import duties

The Chinese government announced the imposition of tariffs on products such as coal and liquefied natural gas, crude oil, agricultural machinery, and large-cylinder automobiles. China has responded to the broad tariffs imposed by President Donald Trump. On February 4, China announced that it plans to impose tariffs on selected U.S. imports. Additionally, the Chinese government […]

In brief: zero-emission truck weight limits, tax deduction and fuel prices

California sets zero-emission truck weight limits, congress seeks tax deduction restoration and fuel prices in the U.S. Weight limits for zero-emission trucks in California A new law establishing weight limits for zero-emission trucks has been approved by the California Legislature. This legislation, which amends a previous law, allows trucks powered by natural gas and electric […]

Tax obligations for truck drivers: avoiding financial trouble

Failure to meet taxes obligation can result in various penalties, staying informed can make a difference Filing taxes can be a tedious task, but it’s crucial to fulfill tax obligations to avoid consequences. Self-employed truck drivers, in addition to their many responsibilities, must file their annual tax return to avoid financial and legal issues that […]

Truckers in trouble: Oregon sues state over excessive taxes while New Jersey raises minimum insurance

Sue against the state of Oregon over excessive taxes and new Legislation for minimum insurance increase in New Jersey. Legislation for minimum insurance increase in New Jersey On January 16th, the New Jersey State Legislature enacted a law requiring heavy trucks to maintain liability insurance of at least $1.5 million, doubling the current federal minimum […]

Briefs: Taxes and Budgets for Transportation in Pennsylvania, California, and Florida

Pennsylvania plans to modify electric vehicle taxes, California on bond approval and Florida designates truck parking budget Pennsylvania: Taxes for Electric Vehicles On December 11th, the House Transportation Committee voted in favor of a Senate-backed bill, with 22 votes in favor and 3 against, aiming to replace the alternative fuels tax for non-commercial electric vehicle […]