You’ll use information from the most recent tax year available. FAFSA typically allows families to use the IRS Data Retrieval Tool (IRS DRT) to automatically pull tax information, simplifying the process. Additionally, assets like savings, investments, and real estate (other than the family home...
Federal tax information: Applicants will need tax information from the prior-prior tax year. In this case, that means students should have 2023 tax returns for the 2025-26 FAFSA. Financial records: The FAFSA requires records of the student's (and the parents', if applicable) b...
Continue, Changes to the FAFSA® for the 2024-25 school year student What if you get married but not in the tax year required for FAFSA®? The tax year reflected on your FAFSA® may not reflect your current marital status. If you recently got married (or divorced) there are things...
Continue, Changes to the FAFSA® for the 2024-25 school year student What if you get married but not in the tax year required for FAFSA®? The tax year reflected on your FAFSA® may not reflect your current marital status. If you recently got married (or divorced) there are things...
But, 529 plan contributions up to $19,000 per beneficiary in 2025 qualify for the annual gift tax exclusion in the 2024 tax year. This means married grandparents who contribute $38,000 to a grandchild in 2025 would not include the amount in their taxable estate. 529 plan contributions ...
A family completing the FAFSA for the 2025-2026 academic year will use the 2023 tax return. While deadlines vary by school, the federal due date is June 30 of the following academic year. Students ineligible for a federal grant may still qualify for work-study or federal loans. Filling out...
It's possible. The Education Department is forecasting that 1.5 million additional students will qualify for the maximum Pell Grant for the 2024-25 academic year. That would bring the total number of students who get the maximum Pell Grant to 5.2 million, it says. ...
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Federal income tax information for the tax year two years prior to the year of the FAFSA (For example, the 2025-2026 FAFSA requires income information from the 2023 tax year.) Current bank statements If you aren’t a U.S. citizen, you’ll also need: Your U.S. Permanent Resident Card...
Much of this information will be available from the family’s tax returns. The Internal Revenue Service (IRS) Data Retrieval Tool (DRT) makes it possible to download that data directly to the FAFSA in many cases.6 To answer the other financial questions, it will be helpful to have bank, ...