Supported Forms

The following Vermont forms are supported in Drake Tax 2024. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	e-File	Paper File
176	Statement of Claimant to Refund Due on Behalf of Deceased Taxpayer	t					P	P
8879-VT	Individual Income Tax Declaration for Electronic Filing	t					r	P
8879-VT-C	Corporate or Business Income Tax Declaration for Electronic Filing		t	t	t		r	P
8879-VT-F	Fiduciary Income Tax Declaration for Electronic Filing					t	r	P
BA-403	Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns		t	t	t		P	P
BI-470	Business Income Tax Return Payment Voucher			t	t		P	P
BI-471	Business Income Tax Return			t	t		P	P
BI-476	Business Income Tax Return for Resident Only			t	t		P	P
CO-411	Vermont Corporate Income Tax Return		t				P	P
CO-414	Corporate Estimated Tax Payment Voucher		t				r	P
CO-422	Corporate Income Tax Return Payment Voucher		t				r	P
FIT-160	Fiduciary Income Tax Return Payment Voucher					t	r	P
FIT-161	Fiduciary Return of Income					t	P	P
FIT-165	Fiduciary Estimated Tax Payment Voucher					t	r	P
FIT-168	Application for Extension of Time to File Fiduciary Tax Return					t	P	P
HS-122	Vermont Homestead Declaration and Property Tax Credit Claim	t					P	P
HS-122W	Vermont Homestead Declaration and/or Property Tax Credit Withdrawal	t					P	P
IN-111	Vermont Income Tax Return	t					P	P
IN-114	Vermont Individual Income Estimated Tax Payment Voucher	t					P	P
IN-116	Income Tax Payment Voucher	t					P	P
IN-151	Vermont Application for Extension of Time to File Form IN-111	t					P	P
LC-140	Landlord Certificate	t					P	P
PA-1	Special Power of Attorney	t	t	t	t	t	r	P
RCC-146	Renter Credit Claim	t					P	P
Schedule BA-402	Apportionment & Allocation		t				P	P
Schedule BA-404	Credits Earned, Applied, Expired, Carried Forward		t	t	t		P	P
Schedule BA-405	Economic Advancement Tax Incentives (EATI)		t				P	P
Schedule BA-406	Credit Allocation			t	t		P	P
Schedule BI-472	Vermont Non-Composite			t	t		P	P
Schedule BI-473	Vermont Composite			t	t		P	P
Schedule BI-477	Vermont Income Adjustment Calculation: Pass-Through Nonresident			t	t		P	P
Schedule FIT-162	Capital Gains Exclusion Calculation for Estates or Trusts					t	P	P
Schedule FIT-166	Income Adjustments and Tax Computations for Fiduciaries					t	P	P
Schedule FIT-167	Credit for Tax Paid to Another State or Canadian Province for Fiduciaries					t	P	P
Schedule FIT-K-1VTF	Beneficiary Information for Fiduciaries					t	P	P
Schedule HI-144	Household Income	t					P	P
Schedule IN-112	Tax Adjustments and Credits	t					P	P
Schedule IN-113	Income Adjustment Calculations	t					P	P
Schedule IN-117	Credit for Income Tax Paid to Other State or Canadian Province	t					P	P
Schedule IN-119	Tax Adjustments and Nonrefundable Credits	t					P	P
Schedule IN-153	Capital Gain Exclusion Calculation	t					P	P
Schedule K-1VT	Shareholder, Partner, or Member Information			t	t		P	P
WH-435	Estimated Income Tax Payments			t	t		r	P
Worksheet IN-152	Underpayment of Estimated Individual Income Tax	t					P	P
Worksheet IN-152A	Annualized Income Installment Method for Underpayment of Estimated Tax by Individual, Estates, and Trusts	t					P	P

Obsolete Form

Schedule BA-410, Corporate and Business Income Tax Affiliation

Tax Law Changes

• Adoption of Federal Tax Laws — Vermont has adopted federal tax laws as of December 31, 2023, which means the Vermont tax code is now based on federal law effective retroactively to January 1, 2024.

• Local Option Tax (LOT) — All municipalities in Vermont are now permitted to enact a Local Option Tax.

• Machinery and Equipment Tax Credit — The time period to claim this credit has been extended until 2030.

• Sales and Use Tax — The Sales and Use Tax exemption for advanced wood boilers has been extended until 2027. Additionally, the Sales and Use Tax now applies to casual sales of all-terrain vehicles (ATVs).