Drake Tax – 2024 Form Availability and Tax Changes: Vermont
Article #: 20046
Last Updated: March 18, 2025
Supported Forms
The following Vermont forms are supported in Drake Tax 2024. 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. 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 |
---|---|---|---|---|---|---|---|---|
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
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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.
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Local Option Tax (LOT) — All municipalities in Vermont are now permitted to enact a Local Option Tax.
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Machinery and Equipment Tax Credit — The time period to claim this credit has been extended until 2030.
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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).