Every truck owner must file Form 2290 with the IRS for every taxable vehicle. In case if you traded your old truck for a new one, you must file Form 2290 for the new truck and pay the required HVUT.
However, if you had paid the HVUT for your old truck, you can claim a refund on the HVUT paid. The refund amount will be considered credits, which will be deducted from the total tax amount while paying your HVUT for the next taxable year.
Here's how you can pay HVUT for a new vehicle using sold vehicle credits: