My mom just got a new job a few months ago & our income decreased drastically, this will only show on the 2017 tax form for us obviously, which my parents will get in Feburary 2018, if i wait till then can I use it or no…??
You must use income from 2016. Since you must reapply every year the 2019-3020 FAFSA will be based on 2017 income.
You must use the 2016 info to file, but you can ask for a reconsideration if your income has changed a lot. The schools aren’t required to reconsider but many will.