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Revision as of 05:16, 15 September 2026
The HVUT, or Heavy Vehicle Use Tax, is a yearly tax paid by truck drivers or owners of trucking companies. It refers drivers operating large vehicles on our nation's highway, and ranks money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new tasks. Contributing a deductible $1,000 will lower the taxable income for the $30,000 yearly person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 12 months person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!
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