How do I estimate my taxes for my FAFSA application?

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This topic contains 5 replies, has 2 voices, and was last updated by  fake bvlgari female watches 1 week, 5 days ago.

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  • #8117 Reply

    Green Test Prep
    Keymaster

    Good news!  You no longer need to estimate your taxes.

    The new rules let you use “prior-prior” tax information. In other words, if you’ll be applying for 2017-’18 financial aid, you’ll use figures from your 2015 tax return. In the past, you needed to estimate your income. Even families who filed for a tax extension should have their tax return in hand by October 15.

    You may be able to get your FAFSA tax information swiftly with the handy IRS Data Retrieval Tool. If you qualify to use the IRS Data Retrieval Tool, you can then import the numbers directly into your FAFSA form.

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