Drake Tax2024 Form Availability and Tax Changes: Idaho

Article #: 20014

Last Updated: December 17, 2024

 


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Supported Forms

The following Idaho forms are supported in Drake Tax 2024. ID forms cannot be e-signed.

Form Description IND CRP SCRP PTR FID
39NR Part-Year Resident and Nonresident Supplemental Schedule t        
39R Resident Supplemental Schedule t        
40 Individual Income Tax Return t        
402 Individual Apportionment for Multistate Businesses t        
41 Corporation Income Tax Return   t      
41A Supplemental Schedule of Affiliated Entities   t t    
41ES Voucher Estimated Tax Payment/Extension of Time Payment Business Income Tax   t t t t
41ESR Underpayment of Estimated Tax   t t    
41S S Corporation Income Tax Return     t    
42 Apportionment and Combined Reporting Adjustments   t t t  
43 Part-Year Resident and Nonresident Income Tax Return t        
44 Business Income Tax Credits and Credit Recapture t t t t t
49 Investment Tax Credit t t t t t
49C Investment Tax Credit Carryover t t t t t
49E Election to Claim the Qualified Investment Exemption from Property Tax Instead of Investment Tax Credit t t t t t
49ER Recapture of Qualified Investment Exemption from Property Tax t t t t t
49R Recapture of Idaho Investment Tax Credit t t t t t
51 Voucher Estimated Payment of Individual Income Tax t        
56 Net Operating Loss Carryforward/Carryback t t t t t
65 Partnership Return of Income       t  
66 Fiduciary Income Tax Return         t
67 Credit for Idaho Research Activities t t t t t
68 Broadband Equipment Investment Credit t t t t t
68R Recapture of Idaho Broadband Equipment Investment Credit t t t t t
75 Fuels Use Report t t t t t
75-NM Fuels Tax Refund Worksheet Nontaxable Miles (Special Fuels Only) t t t t t
75-PTO Fuels Tax Refund Worksheet Power Take-Off and Auxiliary Engine t t t t t
83 Small Employer Investment Tax Credit t t t t t
83R Recapture of Idaho Small Employer Investment Tax Credit t t t t t
84 Small Employer Real Property Improvement Tax Credit t t t t t
84R Recapture of Idaho Smaller Employer Real Property Improvement Tax Credit t t t t t
85 Small Employer New Jobs Tax Credit t t t t t
85R Recapture of Idaho Small Employer New Jobs Tax Credit t t t t t
CG Capital Gains Deduction t   t t t
ID4562 Depreciation and Amortization t t t t t
ID-529 Credit for Employer Contributions to Employee Idaho College Savings Account t t t t t
ID-FTHB Beneficiary and Withdrawal Schedule First-Time Home Buyer Savings Account t        
ID-POA Power of Attorney t t t t t
ID-VP Income Tax Voucher Payment t t t t t
PTE-12 Schedule of Pass-Through Owners     t t t
PTE-NROA Nonresident Owner Agreement     t t t
Schedule ID K-1 Partner’s, Shareholder’s, or Beneficiary’s Share of Idaho Adjustments, Credits, etc. t t t t t

Modified Forms

  • The worksheet for Lines 21-23 on the ID43 has been updated for line 23.

  • Many credit forms now have a line to include any Part-Year Resident Grocery Credits when calculating credit limitations.

Tax Law Changes

Changes to Idaho’s tax law are listed in brief below. Refer to the official Idaho Legislature website for more information.

  • Standard deductions have been updated as follows:

    • Single or Married Filing Separately – $14,600

    • Head of Household – $21,900

    • Married Filing Jointly or Qualifying Surviving Spouse – $29,200