FAFSA Filing Tips for Students

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FAFSA Tax Filing Tips

You can find helpful information on tax credits, deductions and other filing information on the IRS Online Services website

Please Note: If self-employed, you do not include self-employment taxes paid on the "income tax paid" line on the FAFSA.

Below is a list of the most common misconceptions/errors made on the FAFSA by our students:

Federal College Work-Study Earnings

  • Income earned at the College or other school attended in calendar year.
  • Included on tax return as taxable income.
  • Is need based and shows on the financial aid award letter
  • Can list Federal College Work-Study earnings on FAFSA in questions 44/93 so it is not considered in the calculation of the student contribution.

Temporary Service/BASC/BSG

  • Income earned at The College at Brockport or other school attended in calendar year.
  • Included on tax return as taxable income.
  • Is not a financial aid program and it does not show on the financial aid award letter.
  • Does not get listed on FAFSA in questions 44/93.

Federal Taxes Paid (Liability)

  • Include on FAFSA
  • What you actually paid (or will pay) to the government. Found on the tax return only.

Federal Tax Withheld

  • Not included on FAFSA
  • Found on your pay stub or W2 statement (Box 2). What was taken out of the paycheck, but it may not be what you will actually pay as taxes.

Income Earned From Work

  • Can be found on a W2 form (Box 1), or on the federal tax return, and also be sure to include farm and/or business income.

Adjusted Gross Income (AGI)

  • Can only be found on tax return. See federal FAFSA instructions.

Last Updated 10/27/20

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