Financial Aid Tax Information
- Last Updated: 27 October 2014
Important tax information for completing your FAFSA
When a student completes a Free Application for Federal Student Aid (FAFSA), the FAFSA may get selected for verification, which means the Office of Student Financial Aid must verify that the information provided on the FAFSA matches the data on tax returns and other documents.
To reduce the likelihood that your FAFSA is selected for verification,use the IRS Data Retrieval Tool for both students and parents, to answer the income information question on the FAFSA. This process will prompt you and/or your parent to enter your PIN and link to the IRS web site.
Please be advised that if your FAFSA is selected for verification and you are not eligible to use the IRS data retrieval tool (or choose not to use the tool), then you will need to get a Tax Transcript from the IRS. We are no longer able to accept signed copies of federal tax returns from students and parents for FAFSA verification purposes.
For more information please review our document: How to Get your Tax Transcript from the IRS. You must create an account, do not sign in as "Guest".
Having trouble getting a Tax Transcript or using the IRS data retrieval process?
The process cannot be used if:
- A tax return has been filed as “Married Filing Separately”
- A tax return status is married and filed as Head of Household
- Marital status changed after December 31st
- An amended tax return has been filed
- A Puerto Rican or foreign tax return has been filed
You currently owe taxes and have not paid the IRS in full
Re-submitting your FAFSA with the IRS data retrieval process:
You may have filed your FAFSA prior to submitting your taxes using the “Will File” status and estimated your tax information. After the appropriate amount of time after filing your taxes, you are still able to “Make a FAFSA Correction” on your FAFSA to use the IRS data retrieval tool. Click here for a video of easy instructions.
You may also be required to verify the following data (if applicable):
- Documentation of Food Stamp benefits (also known as SNAP) received in previous years.
- If child support was paid, the total amount paid, the name of the person who received the child support and the name of the child(ren) for whom it was paid.