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Advanced Child Tax Credit

Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.

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SALT Limitation

Drake Tax's SALT Limitation Worksheet breaks down the deductions for the $10,000 State and Local Tax Deduction.

Amended Return

Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen.

Form 1040-SR

Learn how to generate and suppress Form 1040-SR in Drake Tax.