By properly selecting the time-dependent unitary transformation for the linear combination of the number operators, we construct a time-dependent invariant and derive the corresponding auxiliary equations for the degenerate and non-degenerate coupled parametric down-conversion system with driving term. By means of this invariant and the Lewis-Riesenfeld quantum invariant theory, we obtain closed formulae of the quantum state and the evolution operator of the system. We show that the time evolution of the quantum system directly leads to production of various generalized one-and two-mode combination squeezed states, and the squeezed effect is independent of the driving term of the Hamiltonian. In some special cases, the current solution can reduce to the results of the previous works.