Drake Tax – 2024 Form Availability and Tax Changes: North Carolina

Article #: 20035

Last Updated: March 06, 2025

 

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Supported Forms

The following North Carolina forms are supported in Drake Tax 2024. NC forms cannot 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
CD-401S S Corporation Tax Return     t     P P
CD-405 C Corporation Tax Return   t       P P
CD-419 Application for Franchise/Corporate Income Tax Extension   t t     P P
CD-425 Corporate Tax Credit Summary   t t     P P
CD-429 Corporate Estimated Income Tax   t t     r P
CD-429PTE Taxed S Corporation Estimated Income Tax     t     r P
CD-V Corporate Income/Franchise Tax Payment Voucher   t t     P P
CD-V Amended Amended Corporation Income/Franchise Tax Payment Voucher   t t     P P
D-400 Individual Income Tax Return t         P P
D-400TC Individual Income Tax Credits t         P P
D-400V Individual Income Payment Voucher t         P P
D-400V Amended Amended Individual Income Payment Voucher t         P P
D-403 Partnership Income Tax Return       t   P P
D-403 NC-NPA Nonresident Partner Affirmation       t   P P
D-403TC Partnership Tax Credit Summary       t   P P
D-403V Partnership Income Payment Voucher       t   P P
D-403V Amended Amended Partnership Income Payment Voucher       t   P P
D-407 Estates and Trusts Income Tax Return         t P P
D-407TC Estates and Trusts Tax Credit Summary         t P P
D-407V Estates and Trust Payment Voucher         t P P
D-407V Amended Amended Estates and Trust Payment Voucher         t P P
D-410 Application for Extension for Filing Individual Income Tax Return t         P P
D-410P Application for Extension for Filing Partnership, Estate, or Trust Tax Return       t t P P
D-422 Underpayment of Estimated Tax by Individuals t         P P
D-422A Annualized Income Installment Worksheet t         P P
GEN-58 Power of Attorney and Declaration of Representative t t t t t r P
NC K-1 (CD-401S) Shareholder’s Share of N.C. Income, Adjustments, and Credits     t     P P
NC K-1 (D-403) Partner’s Share of N.C. Income, Adjustments, and Credits       t   P P
NC K-1 (D-407) Beneficiary's Share of North Carolina Income, Adjustments, and Credits         t P P
NC K-1 Supplemental Schedule Owner or Beneficiary's Share of N.C. Additions and Deductions     t t t P P
NC-14 Notice of Contingent Event or Request to Extend Statute of Limitations t t t     r P
NC-40 Individual Estimated Income Tax t         P P
NC-40 PTE Taxed Partnership Estimated Income Tax       t   r P
NC4562 Depreciation and Amortization     t t   r P
NC-478 Summary of Tax Credits Limited to 50% of Tax t t t t t P P
NC-5500 Request to Waive Penalties t t t t t r P
NC-EDU NC Education Endowment Fund Contribution t t     t r P
NC-NA Nonresident Shareholder Agreement     t     P P
NC-NOL Net Operating Loss Worksheet t         P P
NC-PE N.C. Additions and Deductions for Pass-Through entities, Estates, and Trusts     t t t P P
NC-Rehab Historic Rehabilitation Tax Credits t t t t t P P
RO-1033 Installment Agreement Request t t       r P
Schedule A (D-400) N.C. Itemized Deductions t         P P
Schedule AM (D-400) Amended Schedule t         P P
Schedule NC-478 Pass-Through Schedule for NC-478 Series t t t t t P P
Schedule PN (D-400) Part-Year and Nonresident Schedule t         P P
Schedule PN-1 (D-400) Other Additions and Other Deductions t         P P
Schedule S (D-400) N.C. Adjustments for Individuals t         P P

Modified Forms

  • CD-401S, Sch. G – Line 19 has been added

  • CD-405 C Corporation Tax Return – Franchise Tax Rates have been updated

  • CD-405, Sch. G – Line 25 has been added

  • D-400 SCH PN-1, Other Additions and Other Deductions – line 27 has been expanded to lines 27a and 27b

  • NC K-1 Supplemental Schedule - Line 38 has been expanded to lines 38a and 38b

  • NC-PE, N.C. Additions and Deductions for Pass-Through Entities, Estates and Trust – line 38 has been expanded to lines 38a and 38b

Tax Law Change

The 2024 individual income tax rate has been reduced to 4.50%.