Supported Forms

The following Vermont forms are supported in Drake Tax 2023. 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	P
8879-VT	Individual Income Tax Declaration for Electronic Filing	P
8879-VT-C	Corporate or Business Income Tax Declaration for Electronic Filing		P	P	P
8879-VT-F	Fiduciary Income Tax Declaration for Electronic Filing					P
BA-403	Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns		P	P	P
BI-470	Business Income Tax Return Payment Voucher			P	P
BI-471	Business Income Tax Return			P	P
BI-476	Business Income Tax Return for Resident Only			P	P
CO-411	Vermont Corporate Income Tax Return		P
CO-414	Corporate Estimated Tax Payment Voucher		P
CO-422	Corporate Income Tax Return Payment Voucher		P
FIT-160	Fiduciary Income Tax Return Payment Voucher					P
FIT-161	Fiduciary Return of Income					P
FIT-165	Fiduciary Estimated Tax Payment Voucher					P
FIT-168	Application for Extension of Time to File Fiduciary Tax Return					P
HS-122	Vermont Homestead Declaration and Property Tax Credit Claim	P
HS-122W	Vermont Homestead Declaration and/or Property Tax Credit Withdrawal	P
IN-111	Vermont Income Tax Return	P
IN-114	Vermont Individual Income Estimated Tax Payment Voucher	P
IN-116	Income Tax Payment Voucher	P
IN-151	Vermont Application for Extension of Time to File Form IN-111	P
LC-140	Landlord Certificate	P
PA-1	Special Power of Attorney	P	P	P	P	P
RCC-146	Renter Credit Claim	P
Schedule BA-402	Apportionment & Allocation		P
Schedule BA-404	Credits Earned, Applied, Expired, Carried Forward		P	P	P
Schedule BA-405	Economic Advancement Tax Incentives (EATI)		P
Schedule BA-406	Credit Allocation			P	P
Schedule BA-410	Corporate and Business Income Tax Affiliation		P
Schedule BI-472	Vermont Non-Composite			P	P
Schedule BI-473	Vermont Composite			P	P
Schedule BI-477	Vermont Income Adjustment Calculation: Pass-Through Nonresident			P	P
Schedule FIT-162	Capital Gains Exclusion Calculation for Estates or Trusts					P
Schedule FIT-166	Income Adjustments and Tax Computations for Fiduciaries					P
Schedule FIT-167	Credit for Tax Paid to Another State or Canadian Province for Fiduciaries					P
Schedule FIT-K-1VTF	Beneficiary Information for Fiduciaries					P
Schedule HI-144	Household Income	P
Schedule IN-112	Tax Adjustments and Credits	P
Schedule IN-113	Income Adjustment Calculations	P
Schedule IN-117	Credit for Income Tax Paid to Other State or Canadian Province	P
Schedule IN-119	Tax Adjustments and Nonrefundable Credits	P
Schedule IN-153	Capital Gain Exclusion Calculation	P
Schedule K-1VT	Shareholder, Partner, or Member Information			P	P
WH-435	Estimated Income Tax Payments			P	P
Worksheet IN-152	Underpayment of Estimated Individual Income Tax	P
Worksheet IN-152A	Annualized Income Installment Method for Underpayment of Estimated Tax by Individual, Estates, and Trusts	P

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