Drake Tax – 2024 Form Availability and Tax Changes: Utah

Article #: 20045

Last Updated: February 05, 2025

 

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Supported Forms

The following Utah forms are supported in Drake Tax 2024. UT 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.

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Form Description IND CRP SCRP PTR FID e-File Paper File
Schedule A (TC-20) Net Taxable Income and Tax Calculation   t       P P
Schedule A (TC-20MC) Tax Calculation   t       P P
Schedule A (TC-20S) Taxable Income for Pass-Through Entity Taxpayers     t     P P
Schedule A (TC-65) Taxable Income for Pass-Through Entity Taxpayers       t   P P
Schedule B (TC-20) Additions to Unadjusted Income   t       P P
Schedule B (TC-20MC) Refundable Credits   t       r P
Schedule C (TC-20) Subtractions from Unadjusted Income   t       P P
Schedule D (TC-20) Contributions Deduction   t       P P
Schedule E (TC-20) Prepayments of Any Type   t       P P
Schedule E (TC-20S) Prepayments of Any Type     t     P P
Schedule H (TC-20, TC-20S, TC-65) Nonbusiness Income Net of Expenses   t t t   P P
Schedule J (TC-20, TC-20S, TC-65) Apportionment Schedule   t t t   P P
Schedule K (TC-20S) Shareholders’ Pro Rata Share Items     t     P P
Schedule K (TC-41K) Beneficiaries’ Share of Income, Deductions and Credits         t P P
Schedule K (TC-65) Partners’ Distribution Share Items       t   P P
Schedule K-1 (TC-20S) Shareholder’s Share of Utah Income, Deductions and Credits     t     P P
Schedule K-1 (TC-41K-1) Beneficiary’s Share of Income, Deductions and Credits         t P P
Schedule K-1 (TC-65) Partner’s Share of Utah Income, Deductions and Credits       t   P P
Schedule M (TC-20) Corporations Included in Combined Filing   t       r P
Schedule M (TC-20S) Qualified Subchapter S Subsidiaries Incorporated, Qualified & Doing Business in Utah     t     P P
Schedule N (TC-20S) Pass-Through Entity Withholding Tax     t     P P
Schedule N (TC-41N) Pass-Through Entity Withholding Tax         t P P
Schedule N (TC-65) Pass-Through Entity Withholding Tax       t   P P
TC-20 Corporation Franchise and Income Tax Return   t       P P
TC-20MC Tax Return for Miscellaneous Corporations   t       r P
TC-20S S Corporation Return     t     P P
TC-40 Individual/Amended Income Tax Return t         P P
TC-40A Income Tax Supplemental Schedule t         P P
TC-40B Nonresident or Part-Year Resident Schedule t         P P
TC-40H Historic Preservation Tax Credit t   t t t r P
TC-40R Recycling Market Development Zones Tax Credit t t t t t r P
TC-40S Credit for Income Tax Paid to Another State t         P P
TC-40T Live Organ Donation Expenses Credit t         r P
TC-40W Withholding Tax Schedule t         P P
TC-41 Fiduciary Income Tax Return         t P P
TC-41A Fiduciary Supplemental Schedule         t P P
TC-41B Non- or Part-Year Resident Estate or Trust Schedule         t P P
TC-41C Bankruptcy Estate Schedule         t P P
TC-41S Credit for Income Tax Paid to Another State         t P P
TC-41W Withholding Tax Schedule         t P P
TC-65 Partnership/Limited Liability Partnership/Limited Liability Company Return       t   P P
TC-131 Statement of Person Claiming Refund Due a Deceased Taxpayer t         P P
TC-250 Credits Received from Upper-Tier Pass-Through Entities and Mineral Production Withholding Tax Credit on TC-675R     t t t P P
TC-544 Partnership Return Payment Coupon       t   r P
TC-546 Individual Income Tax Prepayment Coupon t         r P
TC-548 Fiduciary Income Tax Prepayment Coupon         t r P
TC-549 Fiduciary Income Tax Return Payment Coupon         t P P
TC-559 Corporation/Partnership Payment Coupon   t t t   P P
TC-737 Power of Attorney and Declaration of Representative t t t t t P P
TC-804 Individual Income Tax Payment Agreement Request t         r P
TC-804B Business Tax Payment Agreement Request   t t t t r P
TC-831 Request to Elect-Out of Electronic Filing t         r P
TC-8857 Request for Innocent Spouse Relief t         r P

Tax Law Changes

  • Solar energy systems — The maximum Renewable Residential Energy Systems Credit (credit 21) for solar power systems installed in 2024 is up to 25% of the system's cost, but not more than $400.

  • Tax credits for adoption expenses — The Utah legislature passed HB 130, repealing the Special Needs Adoption Credit and enacting a refundable adoption expense tax credit (codes ME and AS) of $1,000.

  • Utah tax rate — The Utah legislature passed HB 54, lowering the state individual, corporation, and fiduciary income tax rate is now 4.55%.