Drake Tax – Form Availability and Tax Changes: Vermont

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Article #: 20046


Supported Forms

The following Vermont forms are supported in Drake Tax. Forms denoted with e-Sign icon can be e-signed.

Note Dates shown below are estimates based on the most up-to-date information currently available to Drake Software.

We are committed to meeting or exceeding the delivery dates listed; however, there may be additional factors that could impact the final date. The chart will be updated as new information becomes available.

Chart key:

✔ Form is available for e-file / paper file.

✖ Form is not supported for e-file / paper file.

▲ Form is in development; an estimated availability date is not currently available.

MM/DD Estimated availability date. Note that the date may differ for e-file vs. paper-file, and in some cases, e-filing may be approved before paper-filing or vice versa.

See Drake Tax – Do Not Mail Watermarks, Banners, EF Message 0001, Note 129 for more information about the notes, EF Messages, or watermarks that are generated during the approval process.

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2025

1040

Form Description e-File Paper-File
176 Statement of Claimant to Refund Due on Behalf of Deceased Taxpayer ✔ ✔
8879-VT Individual Income Tax Declaration for Electronic Filing ✖ ✔
HS-122 Vermont Homestead Declaration and Property Tax Credit Claim ✔ ✔
HS-122W Vermont Homestead Declaration and/or Property Tax Credit Withdrawal ✔ ✔
IN-111 Vermont Income Tax Return ✔ ✔
IN-114 Vermont Individual Income Estimated Tax Payment Voucher ✔ ✔
IN-116 Income Tax Payment Voucher ✔ ✔
IN-151 Vermont Application for Extension of Time to File Form IN-111 ✔ ✔
PA-1 Special Power of Attorney ✔ ✔
RCC-146 Renter Credit Claim ✔ ✔
Schedule HI-144 Household Income ✔ ✔
Schedule IN-112 Tax Adjustments and Credits ✔ ✔
Schedule IN-113 Income Adjustment Calculations ✔ ✔
Schedule IN-117 Credit for Income Tax Paid to Other State or Canadian Province ✔ ✔
Schedule IN-119 Tax Adjustments and Nonrefundable Credits ✔ ✔
Schedule IN-153 Capital Gain Exclusion Calculation ✔ ✔
Worksheet IN-152 Underpayment of Estimated Individual Income Tax ✔ ✔
Worksheet IN-152A Annualized Income Installment Method for Underpayment of Estimated Tax by Individual, Estates, and Trusts ✔ ✔

1041

Form Description e-File Paper-File
8879-VT-F Fiduciary Income Tax Declaration for Electronic Filing ✔ ✔
FIT-160 Fiduciary Income Tax Return Payment Voucher ✔ ✔
FIT-161 Fiduciary Return of Income ✔ ✔
FIT-165 Fiduciary Estimated Tax Payment Voucher ✔ ✔
FIT-168 Application for Extension of Time to File Fiduciary Tax Return ✔ ✔
PA-1 Special Power of Attorney ✔ ✔
Schedule FIT-162 Capital Gains Exclusion Calculation for Estates or Trusts ✔ ✔
Schedule FIT-166 Income Adjustments and Tax Computations for Fiduciaries ✔ ✔
Schedule FIT-167 Credit for Tax Paid to Another State or Canadian Province for Fiduciaries ✔ ✔
Schedule FIT-K-1VTF Beneficiary Information for Fiduciaries ✔ ✔

1065

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
BI-470 Business Income Tax Return Payment Voucher ✔ ✔
BI-471 Business Income Tax Return ✔ ✔
BI-476 Business Income Tax Return for Resident Only ✔ ✔
PA-1 Special Power of Attorney ✔ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-406 Credit Allocation ✔ ✔
Schedule BI-472 Vermont Non-Composite ✔ ✔
Schedule BI-473 Vermont Composite ✔ ✔
Schedule BI-477 Vermont Income Adjustment Calculation: Pass-Through Nonresident ✔ ✔
Schedule K-1VT Shareholder, Partner, or Member Information ✔ ✔
WH-435 Estimated Income Tax Payments ✖ ✔

1120

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
CO-411 Vermont Corporate Income Tax Return ✔ ✔
CO-414 Corporate Estimated Tax Payment Voucher ✖ ✔
CO-422 Corporate Income Tax Return Payment Voucher ✖ ✔
PA-1 Special Power of Attorney ✔ ✔
Schedule BA-402 Apportionment & Allocation ✔ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-405 Economic Advancement Tax Incentives (EATI) ✔ ✔

1120-S

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
BI-470 Business Income Tax Return Payment Voucher ✔ ✔
BI-471 Business Income Tax Return ✔ ✔
BI-476 Business Income Tax Return for Resident Only ✔ ✔
PA-1 Special Power of Attorney ✔ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-406 Credit Allocation ✔ ✔
Schedule BI-472 Vermont Non-Composite ✔ ✔
Schedule BI-473 Vermont Composite ✔ ✔
Schedule BI-477 Vermont Income Adjustment Calculation: Pass-Through Nonresident ✔ ✔
Schedule K-1VT Shareholder, Partner, or Member Information ✔ ✔
WH-435 Estimated Income Tax Payments ✖ ✔

Obsolete Form

Form LC-140, Landlord Certificate, has been removed from the program.

2024

1040

Form Description e-File Paper-File
176 Statement of Claimant to Refund Due on Behalf of Deceased Taxpayer ✔ ✔
8879-VT Individual Income Tax Declaration for Electronic Filing ✖ ✔
HS-122 Vermont Homestead Declaration and Property Tax Credit Claim ✔ ✔
HS-122W Vermont Homestead Declaration and/or Property Tax Credit Withdrawal ✔ ✔
IN-111 Vermont Income Tax Return ✔ ✔
IN-114 Vermont Individual Income Estimated Tax Payment Voucher ✔ ✔
IN-116 Income Tax Payment Voucher ✔ ✔
IN-151 Vermont Application for Extension of Time to File Form IN-111 ✔ ✔
LC-140 Landlord Certificate ✔ ✔
PA-1 Special Power of Attorney ✖ ✔
RCC-146 Renter Credit Claim ✔ ✔
Schedule HI-144 Household Income ✔ ✔
Schedule IN-112 Tax Adjustments and Credits ✔ ✔
Schedule IN-113 Income Adjustment Calculations ✔ ✔
Schedule IN-117 Credit for Income Tax Paid to Other State or Canadian Province ✔ ✔
Schedule IN-119 Tax Adjustments and Nonrefundable Credits ✔ ✔
Schedule IN-153 Capital Gain Exclusion Calculation ✔ ✔
Worksheet IN-152 Underpayment of Estimated Individual Income Tax ✔ ✔
Worksheet IN-152A Annualized Income Installment Method for Underpayment of Estimated Tax by Individual, Estates, and Trusts ✔ ✔

1041

Form Description e-File Paper-File
8879-VT-F Fiduciary Income Tax Declaration for Electronic Filing ✖ ✔
FIT-160 Fiduciary Income Tax Return Payment Voucher ✖ ✔
FIT-161 Fiduciary Return of Income ✔ ✔
FIT-165 Fiduciary Estimated Tax Payment Voucher ✖ ✔
FIT-168 Application for Extension of Time to File Fiduciary Tax Return ✔ ✔
PA-1 Special Power of Attorney ✖ ✔
Schedule FIT-162 Capital Gains Exclusion Calculation for Estates or Trusts ✔ ✔
Schedule FIT-166 Income Adjustments and Tax Computations for Fiduciaries ✔ ✔
Schedule FIT-167 Credit for Tax Paid to Another State or Canadian Province for Fiduciaries ✔ ✔
Schedule FIT-K-1VTF Beneficiary Information for Fiduciaries ✔ ✔

1065

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
BI-470 Business Income Tax Return Payment Voucher ✔ ✔
BI-471 Business Income Tax Return ✔ ✔
BI-476 Business Income Tax Return for Resident Only ✔ ✔
PA-1 Special Power of Attorney ✖ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-406 Credit Allocation ✔ ✔
Schedule BI-472 Vermont Non-Composite ✔ ✔
Schedule BI-473 Vermont Composite ✔ ✔
Schedule BI-477 Vermont Income Adjustment Calculation: Pass-Through Nonresident ✔ ✔
Schedule K-1VT Shareholder, Partner, or Member Information ✔ ✔
WH-435 Estimated Income Tax Payments ✖ ✔

1120

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
CO-411 Vermont Corporate Income Tax Return ✔ ✔
CO-414 Corporate Estimated Tax Payment Voucher ✖ ✔
CO-422 Corporate Income Tax Return Payment Voucher ✖ ✔
PA-1 Special Power of Attorney ✖ ✔
Schedule BA-402 Apportionment & Allocation ✔ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-405 Economic Advancement Tax Incentives (EATI) ✔ ✔

1120-S

Form Description e-File Paper-File
8879-VT-C Corporate or Business Income Tax Declaration for Electronic Filing ✖ ✔
BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns ✔ ✔
BI-470 Business Income Tax Return Payment Voucher ✔ ✔
BI-471 Business Income Tax Return ✔ ✔
BI-476 Business Income Tax Return for Resident Only ✔ ✔
PA-1 Special Power of Attorney ✖ ✔
Schedule BA-404 Credits Earned, Applied, Expired, Carried Forward ✔ ✔
Schedule BA-406 Credit Allocation ✔ ✔
Schedule BI-472 Vermont Non-Composite ✔ ✔
Schedule BI-473 Vermont Composite ✔ ✔
Schedule BI-477 Vermont Income Adjustment Calculation: Pass-Through Nonresident ✔ ✔
Schedule K-1VT Shareholder, Partner, or Member Information ✔ ✔
WH-435 Estimated Income Tax Payments ✖ ✔

Obsolete Form

Schedule BA-410, Corporate and Business Income Tax Affiliation

Tax Law Changes

  • Adoption of Federal Tax Laws — Vermont has adopted federal tax laws as of December 31, 2023, which means the Vermont tax code is now based on federal law effective retroactively to January 1, 2024.

  • Local Option Tax (LOT) — All municipalities in Vermont are now permitted to enact a Local Option Tax.

  • Machinery and Equipment Tax Credit — The time period to claim this credit has been extended until 2030.

  • Sales and Use Tax — The Sales and Use Tax exemption for advanced wood boilers has been extended until 2027. Additionally, the Sales and Use Tax now applies to casual sales of all-terrain vehicles (ATVs).