<p>On the Financial aid application <a href="https://www.finaid.cornell.edu/forms/upload/Freshman-FA-Application-US_Perm-Res-2010.pdf%5B/url%5D">https://www.finaid.cornell.edu/forms/upload/Freshman-FA-Application-US_Perm-Res-2010.pdf</a> it asks my parents something about the W-2 forms (P.3, the SIXTH part), do you know what I shall put? My parents and I don't really understand.</p>
<p>Thank you very much.</p>
<p>Are you talking about this?</p>
<p>“Write in payments to tax-deferred pension and savings plans (paid directly or withheld from earnings) as reported on your W-2 forms in box 12, codes D, E, F, G, H, and S. Include untaxed portions of 401(k) and 403(b) plans. $_________________.00”</p>
<p>If you look on your w-2 forms in box 12, is there anything there? If not, then you don’t have anything to report. If there is something there, then this is were you report it.</p>
<p>Basically, Cornell counts all taxable and non-taxable income. So if your parents defer income into their 401(k) for example pre-tax, Cornell is going to count it even though it is now in a retirement account because it came out of income.</p>
<p>Money that was already in a retirement account, they won’t count.</p>
<p>Hope that helps</p>