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
176	Statement of Claimant to Refund Due on Behalf of Deceased Taxpayer	t
8879-VT	Individual Income Tax Declaration for Electronic Filing	t
8879-VT-C	Corporate or Business Income Tax Declaration for Electronic Filing		t	t	t
8879-VT-F	Fiduciary Income Tax Declaration for Electronic Filing					t
BA-403	Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns		t	t	t
BI-470	Business Income Tax Return Payment Voucher			t	t
BI-471	Business Income Tax Return			t	t
BI-476	Business Income Tax Return for Resident Only			t	t
CO-411	Vermont Corporate Income Tax Return		t
CO-414	Corporate Estimated Tax Payment Voucher		t
CO-422	Corporate Income Tax Return Payment Voucher		t
FIT-160	Fiduciary Income Tax Return Payment Voucher					t
FIT-161	Fiduciary Return of Income					t
FIT-165	Fiduciary Estimated Tax Payment Voucher					t
FIT-168	Application for Extension of Time to File Fiduciary Tax Return					t
HS-122	Vermont Homestead Declaration and Property Tax Credit Claim	t
HS-122W	Vermont Homestead Declaration and/or Property Tax Credit Withdrawal	t
IN-111	Vermont Income Tax Return	t
IN-114	Vermont Individual Income Estimated Tax Payment Voucher	t
IN-116	Income Tax Payment Voucher	t
IN-151	Vermont Application for Extension of Time to File Form IN-111	t
LC-140	Landlord Certificate	t
PA-1	Special Power of Attorney	t	t	t	t	t
RCC-146	Renter Credit Claim	t
Schedule BA-402	Apportionment & Allocation		t
Schedule BA-404	Credits Earned, Applied, Expired, Carried Forward		t	t	t
Schedule BA-405	Economic Advancement Tax Incentives (EATI)		t
Schedule BA-406	Credit Allocation			t	t
Schedule BA-410	Corporate and Business Income Tax Affiliation		t
Schedule BI-472	Vermont Non-Composite			t	t
Schedule BI-473	Vermont Composite			t	t
Schedule BI-477	Vermont Income Adjustment Calculation: Pass-Through Nonresident			t	t
Schedule FIT-162	Capital Gains Exclusion Calculation for Estates or Trusts					t
Schedule FIT-166	Income Adjustments and Tax Computations for Fiduciaries					t
Schedule FIT-167	Credit for Tax Paid to Another State or Canadian Province for Fiduciaries					t
Schedule FIT-K-1VTF	Beneficiary Information for Fiduciaries					t
Schedule HI-144	Household Income	t
Schedule IN-112	Tax Adjustments and Credits	t
Schedule IN-113	Income Adjustment Calculations	t
Schedule IN-117	Credit for Income Tax Paid to Other State or Canadian Province	t
Schedule IN-119	Tax Adjustments and Nonrefundable Credits	t
Schedule IN-153	Capital Gain Exclusion Calculation	t
Schedule K-1VT	Shareholder, Partner, or Member Information			t	t
WH-435	Estimated Income Tax Payments			t	t
Worksheet IN-152	Underpayment of Estimated Individual Income Tax	t
Worksheet IN-152A	Annualized Income Installment Method for Underpayment of Estimated Tax by Individual, Estates, and Trusts	t

Program Update

Form HS-122, Homestead Declaration and Property Tax Credit Claim, can now be e-filed as a standalone form.

Tax Law Changes

The Vermont standard deduction has been increased as follows:

• Single and Married Filing Separately – $6,500

• Married Filing Jointly and Qualifying Widow(er) – $13,050

• Head of Household – $9,800