<p>So for Wellesley, I just found out that I have to submit FAFSA and CSS profile by 1/15.
Do we need to submit our 2010 Tax information, or 2011?
If it's 2011 one, I don't think my parents can get it done by 1/15.
Can someone clarify????</p>
<p>The 2012-2013 FAFSA became available for online submission on January 1, 2012. You should do it in keeping with the deadline for the schools to which you are applying. If the school has a January deadline…here’s what you do.</p>
<p>File your FAFSA using a “will file” status which means you WILL file your taxes but have not yet done so. Use the BEST possible estimates based on your end of year pay stubs, interest statements etc. If your 2011 earnings are similar, you can use your 2010 taxes as a guideline…but do adjust the numbers to reflect 2011 earings using your end of year information.Then submit it to the school(s).</p>
<p>Do your taxes as soon as reasonably possible after Feb 1 when you have all of your 2011 documentation. Go back IN to the FAFSA website and amend your FAFSA to reflect the figures from your 2011 completed tax return and resubmit to the college(s). Change your status to “taxes completed”. </p>
<p>You can complete the Profile using estimated information as well. BUT really…try to be as close as you can be. Submit to the schools. You will need to contact EACH school to find out if and how they want you to amend to provide 2011 accurate info from your tax returns…you cannot do this online. Schools will tell you their procedure for updating this info and it does vary by school.</p>
<p>This is the year you want to get your taxes done as soon as possible. It is NOT the year to wait until April 15th to complete your taxes.</p>