another IFTA question
#4
I believe NY and MA will both allow you to credit your toll costs against your IFTA taxes. That is the main reason I don't travel the toll roads unless that is the only way to reach my destination. I don't like double taxation. You will need to submit receipts for your toll miles.
#5
Senior Board Member
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Join Date: Oct 2006
Posts: 2,079
Originally Posted by GMAN
I believe NY and MA will both allow you to credit your toll costs against your IFTA taxes. That is the main reason I don't travel the toll roads unless that is the only way to reach my destination. I don't like double taxation. You will need to submit receipts for your toll miles.
I was trying to figure the real cost of running the toll road that's why I asked. I drove ~70 miles on I-90 the other day and it cost me $19. 70 miles worth of NY fuel tax at 7mpg is about $4 of fuel tax that I don't have to pay so the toll road only cost me $15. Then if I can credit my toll receipts against my fuel tax as you say G, I get paid $4 to run the toll road. Methinks my calculations are off a bit somewhere LOL.
#6
I believe the credit is against miles run in NY. I don't believe it will go toward any other state's fuel taxes. It has been some time since I have had to deal with NY or MA on their toll tax, so I don't recall for sure.
#8
Originally Posted by rank
Originally Posted by GMAN
I believe NY and MA will both allow you to credit your toll costs against your IFTA taxes. That is the main reason I don't travel the toll roads unless that is the only way to reach my destination. I don't like double taxation. You will need to submit receipts for your toll miles.
I was trying to figure the real cost of running the toll road that's why I asked. I drove ~70 miles on I-90 the other day and it cost me $19. 70 miles worth of NY fuel tax at 7mpg is about $4 of fuel tax that I don't have to pay so the toll road only cost me $15. Then if I can credit my toll receipts against my fuel tax as you say G, I get paid $4 to run the toll road. Methinks my calculations are off a bit somewhere LOL. It has been several years since I have had to address this, but I will do the best I can based upon my memory. If you travel 100 miles on the Ohio turnpike you will then also declare those same miles on your IFTA tax return at the end of the quarter. You have already paid the toll tax when you used the turnpike. You now get to pay for every mile again on your IFTA. As I said, that is the way I remember, but it has been a number of years since I used the turnpikes. I suppose you could just not declare those miles you ran on the various toll roads, but if you get audited then it could cause you a problem. Besides, toll road tax is usually at a much higher rate than the standard fuel tax rate. If you are a member of OOIDA, you may want to give them a call. They will be up to date on the current laws concerning fuel taxes. Or you could call the state where you file your IFTA tax. |
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