Drake Tax – 2024 Form Availability and Tax Changes: Oklahoma

Article #: 20038

Last Updated: March 03, 2025

 

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Supported Forms

The following Oklahoma 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
500-B Report of Nonresident Member Income Tax Withheld t t t t t P P
501 Annual Information Return     t t t r 03/08
504-C Application for Extension of Time to File an Oklahoma Income Tax Return for Corporations, Partnerships, and Fiduciaries   t t t t r P
504-I Application for Extension of Time to File an Oklahoma Income Tax Return for Individuals t         r 03/08
504-PTE Application for Extension of Time to File an Oklahoma Income Tax Return for Electing Pass-Through Entities     t t   r 03/08
506 Investment/New Jobs Credit t t t t t P 03/08
507 Statement of Person Claiming an Income Tax Refund Due a Deceased Taxpayer t         r P
511 Oklahoma Resident Income Tax Return t         03/08 03/08
511CR Other Credits Form t t t t t 03/08 03/08
511-EF e-Sign icon Oklahoma Individual Income Tax Declaration for Electronic Filing t         r 03/08
511-EIC Oklahoma Earned Income Credit Worksheet t         P 03/08
511-NR Oklahoma Nonresident/Part-Year Income Tax Return t         P 03/08
511TX Credit for Tax Paid to Another State t         P P
511-V Individual Income Tax Payment Voucher t         P 03/08
511-W Individual W-2 Data Sheet t         r P
512 Corporation Income and Franchise Tax Return   t       P 03/08
512-S Oklahoma Small Business Corporation Income and Franchise Tax Return     t     P 03/08
512-SA Nonresident Shareholder Agreement     t     r 03/08
512-S-SUP Supplemental Schedule for Form 512-S, Part 5     t     P P
512-TI Computation of Oklahoma Consolidated Taxable Income   t       P P
512-TI-SUP Supplemental Schedule for Form 512-TI   t       P 03/08
513 Oklahoma Resident Fiduciary Return of Income         t P P
513-NR Oklahoma Nonresident Fiduciary Return of Income         t P P
514 Oklahoma Partnership Income Tax Return       t   P 03/08
514-PT Oklahoma Partnership Composite Income Tax Supplement       t   P P
514-PT-SUP Supplemental Schedule for Form 514-PT     t t   P 03/08
514-SUP Schedule for Form 514, Part 5       t   P P
538-H Claim for Credit or Refund of Property Tax t         P 03/08
538-S Claim for Credit/Refund of Sales Tax t         P 03/08
561 Oklahoma Capital Gain Deduction for Residents Filing Form 511 t         P P
561-C Oklahoma Capital Gain Deduction for Corporations Filing Form 512   t       P 03/22
561-F Oklahoma Capital Gain Deduction for Trusts and Estates Filing Form 513         t P P
561-NR Oklahoma Capital Gain Deduction for Part-Year and Nonresidents Filing Form 511NR t         P 03/08
561NR-F Capital Gain Deduction for Trusts and Estates Filing Form 513-NR         t P P
561-P Oklahoma Capital Gain Deduction for the Nonresident Partner Included in the Composite Return       t   P P
561-PTE Oklahoma Capital Gain Deduction for an Electing Pass-Through Entity (PTE) Filing Form 587-PTE     t t   P 03/08
561-S Oklahoma Capital Gain Deduction for the Nonresident Shareholder Whose Income is Reported on Form 512-S, Part 1     t     P P
564 Credit for Employees in the Aerospace Sector t         P 03/22
566 Credit for Qualified Software or Cybersecurity Employees t         P 03/22
567-A Credit for Investment in Clean-Burning Motor Vehicle Fuel Property t t t t t P 03/22
573 Farm Income Averaging t         P P
576 Natural Disaster Tax Credit t         P P
578 Refundable Credit for Electricity Generated by Zero-Emission Facilities t t t t t P P
584 Credit for Employees in the Vehicle Manufacturing Industry t         P P
586 Pass-Through Entity Election Form     t t   r P
587-PTE Oklahoma Pass-Through Entity Tax Supplement     t t   P 03/08
587-PTE-SUP Supplemental Schedule for 587-PTE     t t   P 03/08
588 Oklahoma First-Time Homebuyer Savings Account – Account Holder and Designated Beneficiary Form t         r 03/22
591-D Parental Choice Tax Credit for Qualified Homeschool Expenses t         03/08 03/08
591-D-Sup Supplemental Schedule for Form 591-D t         r 03/08
592 Caring for Caregivers Tax Credit t         03/08 03/08
BT-129 Power of Attorney t t t t t r 03/08
EF e-Sign icon Oklahoma Income Tax Declaration for Electronic Filing   t t t t P 03/08
EF-PTE Pass-Through Entity Payment Voucher     t t   r 03/08
EF-V Business Filers Income Tax Payment Voucher   t t t t P 03/08
OK4562 Depreciation and Amortization       t   r 03/08
OW-8-ES Oklahoma Individual Estimated Tax Coupon t         r 03/08
OW-8-ESC Oklahoma Corporate, Fiduciary and Partnership Estimated Tax Coupon   t t t t r P
OW-8-ESPTE Oklahoma Electing Pass-Through Entities Estimated Tax Coupon     t t   r 03/08
OW-8-P Underpayment of Estimated Tax Worksheet t t t   t P P
Schedule K-1 (512-S) Shareholder’s Share of Income, Deductions, Credits, etc.     t     r 03/08
Schedule K-1 (514) Partner’s Share of Income, Deductions, Credits, etc.       t   r 03/08
WTP 10003 Oklahoma Nonresident Distributed Income Withholding Tax Annual Return     t t t r 03/08

Obsolete Forms

  • 200-F, Franchise Election Form

  • FRX 200, Oklahoma Annual Franchise Tax Return

 

Tax Law Changes

  • Form 511, Oklahoma Resident Income Tax Return

    • The Parental Choice Tax Credit for Homeschool Expenses (Form 591-D) has been added for tax year 2024

  • Form 511-CR, Other Credits

    • The Caring for Caregivers Credit (Form 592) has been added for tax year 2024

    • The Credit for Qualified Clean-Burning Motor Vehicle Fuel Property has been expanded to include electric vehicles (Form 567-A)