FAFSA [versus Cornell financial aid] question

If you are a business owner, there are some deductions allowed by the IRS that are allowed for tax purposes that are added back in as income for financial aid purposes. Perhaps this is part of your issue. Things like home offices, cell phones, meals, travel, utilities for home offices, clothing, even some depreciation are some things that could be added back in. I don’t know Cornell’s policy on this.

Do you own the building where your business is housed.

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