Drake Tax – 2024 Form Availability and Tax Changes: Oklahoma

Article #: 20038

Last Updated: January 31, 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.

Also see Drake Tax - Do Not Mail Watermarks, Banners, EF Message 0001, Note 129.

The chart may not be displayed as expected on mobile devices.

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 02/22
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 02/07
504-PTE Application for Extension of Time to File an Oklahoma Income Tax Return for Electing Pass-Through Entities     t t   r 02/07
506 Investment/New Jobs Credit t t t t t P 03/07
507 Statement of Person Claiming an Income Tax Refund Due a Deceased Taxpayer t         r P
511 Oklahoma Resident Income Tax Return t         02/07 02/07
511CR Other Credits Form t t t t t 02/07 02/07
511-EF e-Sign icon Oklahoma Individual Income Tax Declaration for Electronic Filing t         r 02/07
511-EIC Oklahoma Earned Income Credit Worksheet t         P 02/07
511-NR Oklahoma Nonresident/Part-Year Income Tax Return t         P 02/07
511TX Credit for Tax Paid to Another State t         P P
511-V Individual Income Tax Payment Voucher t         P 02/07
511-W Individual W-2 Data Sheet t         r P
512 Corporation Income and Franchise Tax Return   t       P 02/07
512-S Oklahoma Small Business Corporation Income and Franchise Tax Return     t     P 02/07
512-SA Nonresident Shareholder Agreement     t     r 02/07
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 3/07
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 02/07
514-PT Oklahoma Partnership Composite Income Tax Supplement       t   P P
514-PT-SUP Supplemental Schedule for Form 514-PT     t t   P 02/07
514-SUP Schedule for Form 514, Part 5       t   P P
538-H Claim for Credit or Refund of Property Tax t         P 03/07
538-S Claim for Credit/Refund of Sales Tax t         P 02/07
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 03/07
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 03/07
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 03/07
587-PTE-SUP Supplemental Schedule for 587-PTE     t t   P 02/07
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         02/07 02/07
591-D-Sup Supplemental Schedule for Form 591-D t         r 02/07
592 Caring for Caregivers Tax Credit t         02/07 02/07
BT-129 Power of Attorney t t t t t r 02/07
EF e-Sign icon Oklahoma Income Tax Declaration for Electronic Filing   t t t t P 02/07
EF-PTE Pass-Through Entity Payment Voucher     t t   r 02/07
EF-V Business Filers Income Tax Payment Voucher   t t t t P 02/07
OK4562 Depreciation and Amortization       t   r 02/07
OW-8-ES Oklahoma Individual Estimated Tax Coupon t         r 02/07
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 02/07
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 02/07
Schedule K-1 (514) Partner’s Share of Income, Deductions, Credits, etc.       t   r 02/07
WTP 10003 Oklahoma Nonresident Distributed Income Withholding Tax Annual Return     t t t r 02/07

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)