Answer
If you have used the Data Retrieval Tool in the FAFSA, the Taxes are usually not needed. There are cases, however, where your Financial Aid Advisor may need to collect your taxes, and if they are needed, you will be notified.
Usually, you do not need your tax transcripts; we can use your 1040. If you use the 1040, please make sure that you attach Schedule 1, 2 or 3 if they were part of the return. Please keep in mind that your Financial Aid Advisor may request additional information if needed
The FAFSA uses what is called Prior/Prior year tax information. That means the taxes used for the FAFSA aren't from last year but the year before. For example, the 2023-2024 FAFSA uses the 2021 taxes, not the 2022 taxes. You will see this listed in the documents section of the portal.
Usually, you do not need your tax transcripts; we can use your 1040. If you use the 1040, please make sure that you attach Schedule 1, 2 or 3 if they were part of the return. Please keep in mind that your Financial Aid Advisor may request additional information if needed
The FAFSA uses what is called Prior/Prior year tax information. That means the taxes used for the FAFSA aren't from last year but the year before. For example, the 2023-2024 FAFSA uses the 2021 taxes, not the 2022 taxes. You will see this listed in the documents section of the portal.