<p>Both of my parents are disabled and therefore they receive Social Security Benefits monthly. Because my parents receive these benefits, I receive money as well. I don't know if any of these benefits are taxed, nor do I know if I am supposed to report this on the FAFSA or CSS Profile.</p>
<p>When the forms asks for my parents' wages, am I supposed to add in their social security benefits? Because they don't receive wages or W-2 forms anymore....</p>
<p>I'm just very confused.</p>
<p>On the FAFSA it falls under “Other Untaxed Income or Benefits.” Your parents’ amounts go in the parents’ section, and whatever is paid in your name goes in the student’s section.</p>
<p>Untaxed Social Security benefits are NOT reported. Taxed benefits will be picked up in the adjusted income line. See FAFSA instructions:
i. Other untaxed income and benefits. Enter untaxed income or benefits not
reported in items 45a through 45h, such as worker’s compensation or disability
benefits. </p>
<p>Don’t include student aid, earned income credit, additional child tax credit,
welfare payments, untaxed Social Security benefits, Supplemental Security
Income, Workforce Investment Act educational benefits, on-base military housing
or a military housing allowance, combat pay (if you are not a tax filer), benefits
from flexible spending arrangements (for example, cafeteria plans), foreign
income exclusion or credit for federal tax on special fuels.</p>
<p>Agree…do not report any untaxed SS benefits! This was a change that went into effect last year.</p>