For 2014 itemized deductions, I accidentally entered my mom’s standard deduction. She’s head of household so I put “9100”.
How will the affect my EFC?
Her actual itemized deductions is 0
Profile schools all have their own aid formulas so there’s no way to know how it might affect your expected contribution at a given school. My feeling is it probably won’t have a big effect.
You could email the finaid offices of your profile schools to find out how to correct this. For schools where you are submitting tax returns through IDOC or directly to the school, they may tell you that it will be corrected when they get the returns. But email and ask.
@annoyingdad Thanks for the advice. Colleges might find it a little fishy b/c it doesn’t fit my other info (0$ medical expenses, loans, assets, etc.)
I ran my numbers through the CSS profile calculator and my FM and IM are 0 for my mother. I really doubt this mistake will make any difference in my FA packages.