Drake Tax – 2024 Form Availability and Tax Changes: Alaska
Article #: 20003
Last Updated: December 26, 2024
Supported Forms
The following Alaska forms are supported in Drake Tax 2024. AK forms cannot be e-signed.
| Form | Description | CRP | SCRP | PTR |
|---|---|---|---|---|
| 774 | Power of Attorney | t | t | t |
| 775 | Request for Informal Conference | t | t | t |
| 6000 (Schedule A) | Net Income Tax Summary | t | t | |
| 6000 (Schedule B) | Taxpayer Information | t | t | |
| 6000 (Schedule C) | Tax Payment Record | t | t | |
| 6000 (Schedule D) | Alaska Tax Computation | t | t | |
| 6000 (Schedule E) | Other Taxes | t | t | |
| 6000 (Schedule H) | Computation of Alaska Income | t | t | |
| 6000 (Schedule I) | Apportionment Factor | t | t | |
| 6000 (Schedule J) | Capital and Section 1231 Gains and Losses | t | t | |
| 6000 (Schedule K) | Charitable Contribution Deduction | t | t | |
| 6000 (Schedule L) | Alaska Dividends-Received Deduction | t | t | |
| 6220 | Underpayment of Estimated Tax by Corporations | t | t | |
| 6230 | Corporation Application for Quick Refund of Overpayment of Estimated Tax | t | t | |
| 6240 | Payment Voucher Corporation Net Income Tax | t | t | |
| 6300 | Incentive Credits Summary | t | t | |
| 6310 | Income Tax Education Credit | t | t | t |
| 6323 | Liquefied Natural Gas (LNG) Storage Facility Tax Credit (AS 43.20.047) | t | t | t |
| 6325 | Veteran Employment Tax Credit (AS 43.20.048) | t | t | t |
| 6327 | Qualified Oil and Gas Service Industry Expenditure Credit (AS 43.20.049) | t | t | t |
| 6385 | Tax Attribute Carryovers | t | t | |
| 6390 | Federal-Based Credits | t | t | |
| 6395 | Passive Activity Limitation | t | t | |
| 6750 | Application for Voluntary Disclosure | t | t | t |
| 6900 | Partnership Information Return - Schedule K-1: Partnership Information Return |
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Tax Law Changes
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Economic Development: Municipalities can now defer taxes on properties used for economic development, and they can fully exempt property taxes for such purposes, which is expected to help address housing supply issues.
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Local Tax Exemptions — Senate Bill 179 prohibits local governments from imposing transfer taxes on the sale of houses and other real property. This aims to make homeownership more affordable, especially for young families, first-time homebuyers, and seniors.
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Property Tax Appeals Process — Improvements have been made to the property tax appeals process, including requiring qualified assessors and providing clearer standards and protections for taxpayers.
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Property Tax Breaks for Farmers — The same bill also improves property tax breaks for farmers, including farm-related structures, and updates qualification criteria to support local agriculture.
For more information, go here or log in to the Alaska Department of Revenue – Tax Division website (http://tax.alaska.gov).