Drake Tax – 2024 Form Availability and Tax Changes: California
Article #: 20006
Last Updated: December 20, 2024
The following California forms are supported in Drake Tax 2024. 
can be e-signed.
| Form | Description | IND | CRP | SCRP | PTR | FID | TEX |
|---|---|---|---|---|---|---|---|
| RDP Adjustments Worksheet - Recalculated Federal Adjusted Gross Income | t | ||||||
| (IRS) 2106 | Employee Business Expenses | t | |||||
| (IRS) 4684 | Causalities and Thefts | t | t | t | t | t | |
| (IRS) 8824 | Like-Kind Exchanges | t | t | t | t | t | |
| (IRS) 8886 | Reportable Transaction Disclosure Statement | t | |||||
| 100 | Corporation Franchise or Income Tax Return | t | |||||
| 100-ES | Corporation Estimated Tax | t | t | ||||
| 100S | S Corporation Franchise or Income Tax Return | t | |||||
| 100X | Amended Corporation Franchise or Income Tax Return | t | t | ||||
| 199 | Exempt Organization Annual Information Return | t | t | ||||
| 3461 | Limitation on Business Losses | t | t | ||||
| 3503 | Natural Heritage Preservation Credit | t | t | t | t | t | |
| 3504 | Enrolled Tribal Member Certification | t | |||||
| 3506 | Child and Dependent Care Expenses Credit | t | |||||
| 3507 | Prison Inmate Labor Credit | t | t | t | t | t | |
| 3509 | Political or Legislative Activities by Section 23701d Organizations | t | t | ||||
| 3510 | Credit for Prior Year Alternative Minimum Tax – Individuals or Fiduciaries | t | t | ||||
| 3514 | California Earned Income Tax Credit | t | |||||
| 3519 (PIT) | Payment for Automatic Extension for Individuals | t | |||||
| 3520-BE | Business Entity or Group Nonresident Power of Attorney Declaration | t | t | t | |||
| 3520-PIT | Individual or Fiduciary Power of Attorney Declaration | t | t | ||||
| 3520-RVK | Power of Attorney Declaration Revocation | t | t | t | t | t | |
| 3521 | Low-Income Housing Credit | t | t | t | t | t | |
| 3522 | LLC Tax Voucher | t | t | ||||
| 3523 | Research Credit | t | t | t | t | t | |
| 3525 | Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. | t | |||||
| 3526 | Investment Interest Expense Deduction | t | t | ||||
| 3531 | California Competes Tax Credit | t | t | t | t | t | |
| 3532 | Head of Household Filing Status Schedule | t | |||||
| 3533-B | Change of Address for Businesses, Exempt Organizations, Estates and Trusts | t | t | t | t | t | |
| 3534 | Tax Information Authorization | t | t | t | t | t | |
| 3535 | Tax Information Authorization Revocation | t | t | t | t | t | |
| 3536 (LLC) | Estimated Fee for LLCs | t | t | ||||
| 3537 (LLC) | Payment for Automatic Extension for LLCs | t | t | ||||
| 3538 (565) | Payment for Automatic Extension for LPs, LLPs, and REMICs | t | |||||
| 3539 (CORP) | Payment for Automatic Extension for Corporations and Exempt Organizations | t | t | ||||
| 3540 | Credit Carryover and Recapture Summary | t | t | t | t | ||
| 3541 | Motion Picture and Television Production Credit | t | t | t | t | t | |
| 3544 | Assignment of Credit | t | t | ||||
| 3547 | Donated Agricultural Products Transportation Credit | t | t | t | t | t | |
| 3548 | Disabled Access Credit for Eligible Small Businesses | t | t | t | t | t | |
| 3554 | New Employment Credit | t | t | t | t | t | |
| 3563 (541) | Payment for Automatic Extension for Fiduciaries | t | |||||
| 3567 | Installment Agreement Request | t | |||||
| 3568 | Alternative Identifying Information for the Dependent Exemption Credit | t | |||||
| 3582 (e-file) | Payment Voucher for Individual e-Filed Returns | t | |||||
| 3582X (e-file) | Payment Voucher for Individual e-Filed Amended Returns | t | |||||
| 3586 (e-file) | Payment Voucher for Corporations and Exempt Organizations e-Filed Returns | t | t | t | |||
| 3587 (e-file) | Payment Voucher for LP, LLP, and REMIC e-Filed Returns | t | |||||
| 3588 (e-file) | Payment Voucher for LLC e-Filed Returns | t | t | ||||
| 3592 | College Access Tax Credit | t | t | t | t | t | |
| 3596 | Paid Preparer’s Due Diligence Checklist for California Earned Income Tax Credit | t | |||||
| 3800 | Tax Computation for Certain Children with Unearned Income | t | |||||
| 3801 | Passive Activity Loss Limitations | t | |||||
| 3803 | Parents’ Election to Report Child’s Interest and Dividends | t | |||||
| 3804 | Pass-Through Entity Elective Tax Calculation | t | t | ||||
| 3804-CR | Pass-Through Entity Elective Tax Credit | t | t | ||||
| 3805E | Installment Sale Income | t | t | t | t | t | |
| 3805P | Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts | t | |||||
| 3805Q | Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations – Corporations | t | t | ||||
| 3805V | Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations – Individuals, Estates, and Trusts | t | t | ||||
| 3805Z | Enterprise Zone Deduction and Credit Summary | t | t | t | t | t | |
| 3807 | Local Agency Military Base Recovery Area Deduction and Credit Summary | t | t | t | t | t | |
| 3808 | Manufacturing Enhancement Area Credit Summary | t | t | t | t | t | |
| 3809 | Targeted Tax Area Deduction and Credit Summary | t | t | t | t | t | |
| 3814 | New Donated Fresh Fruits or Vegetables Credit | t | t | t | t | t | |
| 3820 | High-Road Cannabis Tax Credit | t | t | t | t | t | |
| 3821 | Cannabis Equity Tax Credit | t | t | t | t | t | |
| 3831 | Homeless Hiring Tax Credit | t | t | t | t | t | |
| 3832 | Limited Liability Company Nonresident Members’ Consent | t | |||||
| 3835 | State Historic Rehabilitation Tax Credit | t | t | t | t | t | |
| 3840 | Like-Kind Exchanges | t | t | t | t | t | |
| 3843 (e-file) | Payment Voucher for Fiduciary e-filed Returns | t | |||||
| 3853 | Health Coverage Exemptions and Individual Shared Responsibility Penalty | t | |||||
| 3870 | Election for Refundable Credit | t | t | t | t | ||
| 3872 | California Disaster Relief request for Postponement of Tax Deadlines | t | t | t | t | t | t |
| 3885 | Corporation Depreciation and Amortization | t | t | ||||
| 3885A | Depreciation and Amortization Adjustments | t | |||||
| 3885F | Depreciation and Amortization | t | t | ||||
| 3885L | Depreciation and Amortization | t | |||||
| 3885P | Depreciation and Amortization | t | |||||
| 3893 (PTE) | Pass-Through Entity Elective Tax Payment Voucher | t | t | ||||
| 3913 | Moving Expense Deduction | t | |||||
| 4917 | Information on Tax Expenditure Items | t | t | t | t | t | |
| 540 | Resident Income Tax Return | t | |||||
| 540 2EZ | Resident EZ Income Tax Return | t | |||||
| 540-ES | Estimated Tax for Individuals | t | |||||
| 540NR | Nonresident or Part-Year Resident Income Tax Return | t | |||||
| 541 | Fiduciary Income Tax Return | t | |||||
| 541-ES | Estimated Tax for Fiduciaries | t | |||||
| 565 | Partnership Return of Income | t | |||||
| 568 | Limited Liability Company Return of Income | t | t | ||||
| 5805 | Underpayment of Estimated Tax by Individuals and Fiduciaries | t | t | ||||
| 5805F | Underpayment of Estimated Tax by Farmers and Fishermen | t | t | ||||
| 5806 | Underpayment of Estimated Tax by Corporations | t | t | ||||
| 5870A | Tax on Accumulation Distribution of Trusts | t | |||||
| 592-B | Resident and Nonresident Withholding Tax Statement | t | t | t | t | t | |
| 593 | Resident and Nonresident Withholding Tax Statement | t | t | t | t | t | |
| 8453 |
e-File Return Authorization for Individuals | t | |||||
| 8453 (PMT) |
Payment for Automatic Extension | t | |||||
| 8453-BE (PMT) |
Payment Authorization for Business Entities | t | t | ||||
| 8453-C |
e-File Return Authorization for Corporations | t | t | ||||
| 8453-EO |
e-File Return Authorization for Exempt Organizations | t | t | ||||
| 8453-FID |
e-File Return Authorization for Fiduciaries | t | t | t | t | t | t |
| 8453-LLC |
e-File Return Authorization for Limited Liability Companies | t | t | ||||
| 8453-P |
e-File Return Authorization for Partnerships | t | |||||
| 8454 | e-File Opt-Out Record for Individuals | t | |||||
| 8455 | e-File Payment Record for Individuals | t | |||||
| 8879 |
e-File Signature Authorization for Individuals | t | |||||
| 8879 (PMT) |
Electronic Funds Withdrawal Payment Signature Authorization for Individuals and Fiduciaries | t | |||||
| CT-TR-1 | Annual Treasurer’s Report | t | |||||
| RRF-1 | Annual Registration Renewal Fee Report | t | |||||
| Schedule B (100S) | S Corporation Depreciation and Amortization | t | |||||
| Schedule C (100S) | S Corporation Tax Credits | t | |||||
| Schedule CA (540) | Adjustments – Residents | t | |||||
| Schedule CA (540NR) | Adjustments – Nonresidents or Part-Year Residents | t | |||||
| Schedule D (100S) | S Corporation Capital Gains and Losses and Built-In Gains | t | |||||
| Schedule D (540) | Capital Gain or Loss Adjustment | t | |||||
| Schedule D (540NR) | Capital Gain or Loss Adjustment | t | |||||
| Schedule D (541) | Capital Gain or Loss | t | |||||
| Schedule D (565) | Capital Gain or Loss | t | |||||
| Schedule D (568) | Capital Gain or Loss | t | |||||
| Schedule D-1 | Sales of Business Property | t | t | t | t | t | |
| Schedule EO (565) | Pass-Through Entity Ownership | t | |||||
| Schedule EO (568) | Pass-Through Entity Ownership | t | |||||
| Schedule G-1 | Tax on Lump-Sum Distributions | t | t | ||||
| Schedule H (100) | Dividend Income Deduction | t | |||||
| Schedule H (100S) | S Corporation Dividend Income Deduction | t | |||||
| Schedule K-1 (100S) | Shareholder's Share of Income, Deductions, Credits, etc. | t | |||||
| Schedule K-1 (541) | Beneficiary’s Share of Income, Deductions, Credits, etc. | t | |||||
| Schedule K-1 (565) | Partner's Share of Income, Deductions, Credits, etc. | t | |||||
| Schedule K-1 (568) | Partner's Share of Income, Deductions, Credits, etc. | t | |||||
| Schedule P (100) | Alternative Minimum Tax and Credit Limitations – Corporations | t | |||||
| Schedule P (540) | Alternative Minimum Tax and Credit Limitations – Residents | t | |||||
| Schedule P (540NR) | Alternative Minimum Tax and Credit Limitations – Nonresidents or Part-Year Residents | t | |||||
| Schedule P (541) | Alternative Minimum Tax and Credit Limitations – Fiduciaries | ||||||
| Schedule QS | Qualified Subchapter S Subsidiary (QSub) Information | t | |||||
| Schedule R | Apportionment and Allocation of Income | t | t | t | t | ||
| Schedule S | Other State Tax Credit | t | t | ||||
| Schedule W-2 | Wage and Tax Statement | t | |||||
| Schedule X | Explanation of Amended Return Changes | t |
New Forms
-
3870, Election for Refundable Credit
-
3872, California Disaster Relief Request for Postponement of Tax Deadlines
Obsolete Form
Form 3546, Enhanced Oil Recovery Credit
Tax Law Changes
-
Credit Limitation – For taxable years beginning on or after January 1, 2024, and before January 1, 2027, there is a $5,000,000 limitation on the application of credits. The total of all credits including the carryover of any credit for the taxable year may not reduce the “tax” by more than $5,000,000.
-
Intangible Drilling and Development Costs – California law does not allow the deduction for intangible drilling and development costs in the case of oil and gas wells paid or incurred on or after January 1, 2024 (R&TC Section 24423 has been repealed).
-
Net Operating Loss Suspension – For taxable years beginning on or after January 1, 2024, and before January 1, 2027, California has suspended the net operating loss (NOL) carryover deduction.
-
Percentage Depletion – For taxable years beginning on or after January 1, 2024, California law does not allow the calculation of depletion as a percentage of gross income from the property for specified natural resources, including coal, oil shale, oil and gas wells. R&TC Sections 24831.3 and 24831.6 allowing state nonconformity to federal rules for percentage depletion of certain refiner exclusions as well as the temporary suspension of taxable income limit for marginal production have also been repealed.
-
The excess SDI/VDI deduction is no longer available
Tax Tables
Standard Deductions
| Filing Status | Deduction |
|---|---|
| Single or Married/RDP Filing Separately | $5,540 |
| Married/RDP Filing Jointly, Head of Household, Qualifying Surviving Spouse/RDP | $11,080 |
| Minimum standard deduction for dependents | $1,300 |
Reduction in Itemized Deductions
| Filing Status | AGI Threshold |
|---|---|
| Single or Married/RDP Filing Separately | $244,857 |
| Head of Household | $367,291 |
| Married/RDP Filing Jointly or Qualifying Surviving Spouse/RDP | $489,719 |
Exemption Credits
| Filing Status | Exemption |
|---|---|
| Married/RDP Filing Jointly or Qualifying Surviving Spouse/RDP | $298 |
| Single, Married/RDP Filing Separately, or Head of Household | $149 |
| Dependent | $461 |
| Blind | $149 |
| Age 65 or older | $149 |
Earned Income Credit Limits
| Number of Qualifying Children | Federal AGI Limit |
|---|---|
| None | $31,951 |
| One or more | $31,951 |