E-filing Form 2290 is a mandatory requirement for truckers and heavy-vehicle owners in the United States, as it keeps them compliant with the IRS while avoiding a major penalty. Though the expenses behind e-filing add up quite fastly for an individual handling many vehicles, there is good news. Below are some tested ways to save money on those fees in 2024.

Choose an Affordable E-filing Service Provider (Simpletrucktax.com)

There are plenty of service providers available in the electronic filing marketplace for Form 2290. Some charge differently. If you'd like to reduce the expense, then compare prices or the charges incurred from other providers. Compare the rate plans which charge reasonably good rates without losing quality. Plenty of cheap basic e-filing services can be accessed at a low rate of $7.95.Don't have features to devour you: Some providers add features that do not even help you with your filing. Choose a simple and streamlined process that only charges for what you need.

Avail of Bulk Discounts

If you have a fleet of trucks, then filing all your trucks at one go can save on your costs significantly. Some e-filing providers have:

• Bulk pricing: Gets you discounted rates when you file multiple vehicles at one time, so if you have numerous vehicles, this can save you a tremendous amount compared to filing each vehicle separately.
• Seasonal promotions: Eye-openers for the time-limited offers one receives during their peak filing times from the electronic filing platforms.

E-file Early to Avoid Penalties

One of the most effortless ways of saving on cost would be by not having to incur late filing penalties associated with filing your Form 2290 on due date. Levied by the Internal Revenue Service, both late-filing and late-payment penalties might add up significantly to the amount of cost you had accrued.

• Important filing deadlines: File before the annual deadline of August 31st if your vehicles were on the road by July 1st.
• Plan ahead: Set reminders or use the scheduling tools that are frequently provided with e-filing platforms, so you don't miss the deadline.

Look for Free or Low-Cost Corrections

You will be required to make corrections if your vehicle status has changed. For instance, you have increased your vehicle weight or suspension. Most of the e-filing services provide a filing fee for each correction submitted. But some services are free or charge at the cost.

Choose service providers with free amendments: If you believe you would need amendments, choosing an e-file service that can have free or relatively small costs for amendments may help save you money.

Avoid Paying Too Much in Overpayment of Refunds and Corrections

You can also file for a refund if your vehicles have been sold, destroyed, or stolen. The majority of the e-filing services always charge you extra fees to file these refund claims, and that is how you can bypass them:

The IRS Form 8849: Here you file your claim for refund. It is the official form for the IRS. Besides saving the third-party service fees, by filing this with the IRS, you will get additional savings.

Bunch Services for More Savings

• Bundling: Sometimes, e-filing sites allow bundling for truckers who may need to file additional forms of the IRS, such as IFTA or state-specific returns. Through their bundle option, it will lower the amount spent.
• Package pricing: Choose a provider that charges using package pricing for multiple filings at once. You will save money and time dollars.

Use Customer Support and Resources

For a first-time filer or even for those feeling overwhelmed with e-filing, there are some providers that will offer customer support and resources free of charge to avoid costly mistakes or over-filings.Take advantage of free assistance: Choose an e-filing provider that has live support, step-by-step guidelines, or video instruction that will lead you through the process and help you avoid fees on corrections.

Finally, Indeed, it cannot be avoided that the filing of Form 2290 will cost truckers and truck owners money; however, there are still some options for 2024 savings. Selecting the best e-filer provider, getting discount for bulk, and benefiting from early filing as well as low amendment fees can keep their costs low and stay within IRS requirements. Act smart: compare vendors, remain abreast, and save on your filing this year.

Note: For more information, visit IRS website