Drake Tax – 2024 Form Availability and Tax Changes: Colorado

Article #: 20007

Last Updated: February 26, 2025

 

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Important  The Colorado DOR has started issuing acknowledgments; however, they will not begin processing e-filed returns until later. As a result:

  • Refunds will be delayed.

  • Direct debit payments may be delayed.

Tentatively, the state anticipates being able to start processing individual returns by the end of February. Business returns will start being processed after that – tentatively mid-to-late March. Fiduciary returns will be processed last (exact timing depends on the completion of individual and business return processing).

More information will be added here when available. Also see the CO DOR website.

Supported Forms

The following Colorado forms are supported in Drake Tax 2024. 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:

t Form is supported in the indicated return type.

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

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

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.

The chart may not be displayed as expected on mobile devices. The chart will wrap on smaller screens or windows - click the black arrow to expand the details when using this article on a smaller screen.

Form Description IND CRP SCRP PTR FID e-File Paper File
DR 0021 Severance Tax – Oil and Gas t t t t t r P
DR 0021AS Severance Tax Affiliations Schedule t t t t t r P
DR 0021D Oil and Gas Severance Tax Schedule t t t t t r P
DR 0021P Estimated Oil and Gas Severance Tax t t t t t r P
DR 0021PD Detail Information for Producers t t t t t r P
DR 0021S Extension of Time for Filing Colorado Oil and Gas Severance Tax Return t t t t t r P
DR 0021X Amended Colorado Oil and Gas Severance Tax Return t t t t t r P
DR 0102 Claim for Refund on Behalf of Deceased Taxpayer t         P P
DR 0104 Colorado Individual Income Tax Return t         P P
DR 0104AD Subtractions from Income Schedule t         P P
DR 0104AMT Alternative Minimum Tax Computation Schedule t         P P
DR 0104BEP Nonresident Beneficiary Estimated Income Tax Payment         t P P
DR 0104CH Voluntary Contributions Schedule t         P P
DR 0104CN Colorado Child Tax Credit t         P P
DR 0104CR Individual Credit Schedule t         P P
DR 0104EE Easy Enrollment Information Form t         P P
DR 0104EP Estimated Income Tax Payment Form t         P P
DR 0104PN Part-Year/Nonresident Tax Calculation Schedule t         P P
DR 0104PTC Property Tax/Rent/Heat Rebate Application t         P P
DR 0104TN Earned Income Tax Credit for ITIN Filers t         P P
DR 0104X Amended Colorado Individual Income Tax Return t         P P
DR 0105 Colorado Fiduciary Income Tax Return         t P P
DR 0105EP Estate/Trust Estimated Tax Payment Form         t P P
DR 0106 Colorado Partnership and S Corporation and Composite Nonresident Income Tax Return     t t   P P
DR 0106CR Pass-Through Entity Credit Schedule     t t   P P
DR 0106EP Composite Nonresident Estimated Tax Payment Form     t t   P P
DR 0106K Colorado K-1   t t t   P P
DR 0107 Nonresident Partner or Shareholder Agreement     t t   P P
DR 0112 Colorado C Corporation Income Tax Return   t       P P
DR 0112CR Credit Schedule for Corporations   t       P P
DR 0112EP Corporate Estimated Tax Payment Form   t       P P
DR 0112X Amended Colorado C Corporation Income Tax Return   t       P P
DR 0145 Colorado Tax Information Authorization or Power of Attorney t t t t t P P
DR 0158-C Extension of Time for Filing a Colorado C Corporation Income Tax Return   t       P P
DR 0158-F Payment for Automatic Colorado Extension for Estates or Trusts         t P P
DR 0158-I Extension Payment for Colorado Individual Income Tax t         P P
DR 0158-N Automatic Filing Extension for Composite Nonresident Income Tax Return     t t   P P
DR 0204 Individual Underpayment Penalty t         P P
DR 0205 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Corporate Estimated Tax   t       P P
DR 0289 Employer Contributions to Employee 529 Qualified State Tuition Program t t t t t P P
DR 0347 Child Care Expenses Tax Credit t         P P
DR 0350 First-Time Home Buyer Savings Account Interest Deduction t         P P
DR 0375 Credit for Employer Paid Leave of Absence for Live Organ Donation t t t t t P P
DR 0617 Innovative Motor Vehicle and Truck Credits t t t t t P P
DR 0900 Individual Income Tax Payment Form t         r P
DR 0900C C Corporation Income Tax Payment Form   t       r P
DR 0900F Fiduciary Income Tax Payment Form         t r P
DR 0900P Partnerships and S Corporations Income Tax Payment Form     t t   r P
DR 1305 Gross Conservation Easement Donor Schedule t t t t t P P
DR 1305E Gross Conservation Easement Credit Transfer Schedule t t t t t P P
DR 1305F Gross Conservation Easement Credit Pass-Through Schedule t t t t t P P
DR 1305G Gross Conservation Easement Credit Use Schedule t t t t t P P
DR 1316 Colorado Source Capital Gain Affidavit t t       P P
DR 1330 Strategic Capital Tax Credit and Carryforward Schedule t t t t t P P
DR 1366 Enterprise Zone Credit and Carryforward Schedule t t t t t P P
DR 1703 Early Childhood Educator Income Tax Credit t         P P
DR 1705 SALT Parity Act Election Form     t t   P P
DR 1706 Annual Transmittal of DR 106K     t t   P P
DR 8454 e-Sign icon Income Tax Declaration for Electronic Filing t t t t t P P
Schedule C (DR 0112) Affiliations Schedule   t       P P
Schedule RF (DR 0112) Apportionment Schedule   t       P P

New Forms

  • DR 0619 – Assigned Innovative Motor Vehicle and Truck Credits and Electric Bicycle Credit Reconciliation Schedule

  • DR 1370 – Certified Economic Development Credit Schedule for Taxpayers with a Refund Certificate

Obsolete Forms

  • DR 0104US – Consumer Use Tax Reporting Schedule

  • DR 0108 – Statement of Colorado Tax Remittance for Nonresident Partner or Shareholder

Tax Law Changes

  • Business meals deducted pursuant to section 274(k) has been added to Form DR 0104, Individual Income Tax Return.

  • Nonrefundable CHIPS Zone Credit has been added to Form DR 0104, Individual Income Tax Return.

  • The following credits have been added for tax year 2024:

    • Food Accessibility Credit

    • Electric-Powered Lawn EquipmentCredit

    • Colorado Film Incentive Credit

    • Nonrefundable Assistance for Home Purchase Credit

    • Qualified Senior Housing Credit

    • Refundable CHIPS Zone Credit

  • The subtraction "Employee Contribution to Home Savings Account" has been added to Form DR104AD, Subtractions from income Schedule.

  • The tax rate for tax year 2024 is 4.25%.

Reminders

Starting with tax year 2023, Colorado requires a blank page to be printed at the end of the form when there are an odd number of pages for that form. In other words, for forms that are only a single page, two pages will be printed (one showing the form and the second blank).