Supported Forms

The following Georgia forms are supported in Drake Tax 2024. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	e-File	Paper File
	Georgia Income Statement Details	t					P	P
4562 GEORGIA	Depreciation and Amortization	t	t	t	t	t	P	P
500	Individual Income Tax Return	t					P	P
500 ES	Individual and Fiduciary Estimated Tax Payment Voucher	t				t	r	P
500 UET	Underpayment of Estimated Tax by Individuals/Fiduciary	t				t	P	P
500EZ	Short Individual Income Tax Return	t					P	P
500-NOL	Net Operating Loss Adjustment for Individuals and Fiduciaries	t				t	P	P
500X	Amended Individual Income Tax Return	t				t	P	P
501	Fiduciary Income Tax Return					t	P	P
501X	Amended Fiduciary Income Tax Return					t	P	P
525-TV	Individual and Fiduciary Payment Voucher	t				t	r	P
600	Corporation Tax Return		t				P	P
600S	Corporation Tax Return			t			P	P
600S-CA	Consent Agreement of Nonresident Shareholders of S Corporations			t			r	P
600 UET	Underpayment of Estimated Tax by Corporations and Partnerships		t	t	t		r	P
602 ES	Corporate and Partnership Estimated Tax		t	t	t		r	P
700	Partnership Tax Return				t		P	P
CR ES	Composite Return Estimated Tax			t	t		r	P
CR PV	Composite Return Payment			t	t		r	P
GA-5347	Deceased Taxpayer Refund Check Claim Form	t					r	P
GA-8453	Individual Income Tax Declaration for Electronic Filing Summary of Agreement Between Taxpayer and ERO or Paid Preparer	t					r	P
GA-8453C	Corporate Income Tax Declaration for Electronic Filing Summary of Agreement Between Taxpayer and ERO or Paid Preparer		t				r	P
GA-8453F	Fiduciary Income Tax Declaration for Electronic Filing Summary of Agreement Between Taxpayer and ERO or Paid Preparer					t	r	P
GA-8453P	Partnership Tax Return Declaration for Electronic Filing Summary of Agreement Between Taxpayer and ERO or Paid Preparer				t		r	P
GA-8453S	Corporate Income Tax Declaration for Electronic Filing Summary of Agreement Between Taxpayer and ERO or Paid Preparer			t			r	P
GAK-1 (GA600S)	Shareholder’s Share of Georgia Income			t			r	P
GAK-1 (GA700)	Partner’s Share of Georgia Income				t		r	P
IND-CR	Summary Worksheet	t					P	P
IND-CR 201	Disabled Person Home Purchase or Retrofit Credit	t					P	P
IND-CR 202	Child and Dependent Care Expense Credit	t					P	P
IND-CR 203	Georgia National Guard/Air National Guard Credit	t					P	P
IND-CR 204	Qualified Caregiving Expense Credit	t					P	P
IND-CR 206	Disaster Assistance Credit	t					P	P
IND-CR 207	Rural Physicians Credit	t					P	P
IND-CR 208	Adoption of a Foster Child Credit for Adoptions Occurring in Taxable Years Beginning on or After January 1, 2008 and before January 1, 2021	t					P	P
IND-CR 209	Eligible Single-Family Residence Tax Credit	t					P	P
IND-CR 212	Community Based Faculty Preceptor Tax Credit	t					P	P
IND-CR 213	Adoption of a Foster Child Credit for Adoptions Occurring in Taxable Years Beginning on or After January 1, 2021	t					P	P
IND-CR 214	Teacher Recruitment and Retention Credit	t					P	P
IT 552	Corporation Application for Tentative Carry-Back Adjustment Under Section 48-7-21 of the Georgia Public Revenue Code		t				P	P
IT 560	Individual and Fiduciary Extension Payment Voucher	t				t	r	P
IT 560 C	Income/Net Worth Payment Voucher		t	t			r	P
IT CR	Georgia Nonresident Composite Tax Return			t	t		r	P
IT-303	Application for Extension of Time for Filing State Income Tax Returns	t	t	t	t	t	r	P
IT-550	Claim for Refund of Georgia Income Tax Erroneously or Illegally Collected	t					r	P
IT-Addback	Related Member Intangible Expenses and Costs and Interest Expenses and Costs		t	t			P	P
IT-CA 2012	Georgia Job Tax Credit		t	t	t		P	P
IT-CCC100	Tax Credit for Cost of Qualified Child Care Property		t	t	t		P	P
IT-CCC75	Tax Credit for Cost of Operations		t	t	t		P	P
IT-CONSV 2016	Conservation Tax Credit	t	t	t	t	t	P	P
IT-FC 2018	Film Tax Credit		t	t	t		P	P
IT-IC 2020	Investment Tax Credit		t				P	P
IT-QEE-TP2 2022	Qualified Education Expense Credit Computation	t	t	t	t	t	P	P
IT-QJ	Application for Georgia Quality Jobs Tax Credit		t	t	t		P	P
IT-QJ 2017	Application for Georgia Quality Jobs Tax Credit (on or after January 1, 2017)		t	t	t		P	P
IT-QJ 2020	Application for Georgia Quality Jobs Tax Credit (on or after January 1, 2020)		t	t	t		P	P
IT-QJ 2022	Application for Georgia Quality Jobs Tax Credit (on or after January 1, 2022)		t	t	t		P	P
IT-QJ 2023	Application for Georgia Quality Jobs Tax Credit (on or after on or after January 1, 2023)		t	t	t		P	P
IT-RC	Retraining Tax Credit	t	t	t	t		P	P
IT-RD 2009	Research Tax Credit		t	t	t		P	P
IT-REIT	Captive Real Estate Investment Trust (REIT)		t				P	P
IT-RTM	Railroad Track Maintenance Tax Credit		t	t	t		P	P
PV CORP	Corporate and Partnership Payment Voucher		t	t			r	P
RD-1061	Power of Attorney and Declaration of Representative	t	t	t	t	t	r	P
Schedule 1 (500)	Adjustments to Income Based on Georgia Law	t					P	P
Schedule 2 (500)	Georgia Tax Credit Usage and Carryover	t					P	P
Schedule 2B (500)	Refundable Tax Credits	t					P	P
Schedule 3 (500)	Computation of Georgia Taxable Income for Part-Year Residents and Nonresidents	t					P	P

Modified Forms

• Form 500, Individual Income Tax Return — Added the following:

  • Line 19, “Georgia Resident Itemized Tax Credit"

New Credit

Rural Healthcare Professional Credit (credit code 154)

Tax Law Changes

Full-year and part-year residents who itemize their deductions are entitled to a credit up to the amount of $300 per taxpayer. The credit cannot be greater than the tax liability.

• The dependent exemption is now $4,000

• The retirement income exclusion is now $5,000 of earned income

• The Standard Deductions are as follows:

  • $24,000 — Married Filing Jointly

  • $12,000 — Single, Head of Household, and Married Filing Separately

• The tax rate for 2024 is now 5.39%