When my mom and I submitted our estimated FAFSA in early January, we filled out question 90 on the electronic version which asked, “On the day you submitted your FAFSA, what was your mother’s total current balance of cash, savings, and checking accounts?” as the balance on that date. Now we just used the IRS data retrieval tool and it filled in all of the tax info. I just want to know if I should change it to the balance on the day we submit our updated FAFSA (Mid-February) or leave it as the balance of the original, estimated FAFSA (Early-January). Or will it not matter? There is only a difference of about $1200. It seems like they want the number we entered in early January but I just want to be safe.
You need to leave the Cash, Savings, Checking answer as of the day you completed the FAFSA in January. You do not change the amount when you make corrections of other tax figures.