Does anyone know if you can save your FAFSA when you complete it as a PDF, or can you only print it? Can you access it at a later date to print it if you don’t do so right as you’re done?
I think you can only preview it before you submit.
You can access a submitted FAFSA at any time after it is processed. You will need your FSA ID number to do so.
Ok guys working on the Fafsa for one of my kids and just want to make sure I"m doing this correctly. I added 3000 to her income from her scholarship on her '16 tax return so that I could claim the AOTC. So now doing the Fafsa I should report that here, right ques 44d:
College grant and scholarship aid reported to the IRS as income
Student college grant and scholarship aid reported to the IRS in your income. Includes AmeriCorps benefits (awards, living allowances, and interest accrual payments), as well as grant and scholarship portions of fellowships and assistantships
Yes, @SeeksKnowledge that question asks about amount of taxable scholarship that was reported in AGI on the 2016 tax return.
So for example if the AGI was $5,000 but $3,000 was taxable scholarship and $2,000 work income, you would report $3,000 in question 44d
Are you using the DRT? It should bring D’s AGI and earned income and tax paid over from her tax return.
And from your tax return the DRT should bring over the AGI, (combined) earned income (if married), tax paid, and education credit.
@mommdc yes I am using the DRT so do I not worry about filling anything in? I was reviewing everything before I submitted and saw that was blank and thougth I should fill it out??
Yes, you should fill out question 44d with her taxable scholarship income.
Because the DRT will bring over her total income, and not separate out the scholarship.
You fill out this question even if the taxable scholarship income was the only income she had. Then after question 44d her income for FAFSA EFC calculation would be $0.
Just read about the IRA rollover error in the DRT in post #36
This just happened to me this past week! Unfortuntely, I found this forum after I filed the FAFSA and tried to find an explanation that my EFC was 62955 instead of 27000. Unbelievable to me that FAFSA hasn’t fixed this error, since clearly you brought it to their attention.
My non-profit employer did a one time rollover of all of the employees 403B’s into a much better set of funds with much lower basis point and fees. It was a great decision, and a win/win for everyone. Unfortunately, it means that box 16a has our entire combined retirement account amount, since my wife and I work for the same employer.
So our EFC is around $35000 too high, based on the other estimate sites out there. Not fun.