Quick ? RE: Income Earned From Work

Paying for College
1

<p>For the FAFSA, I have read (here on CC and in "Paying For College Without Going Broke") that we should add the contributions to tax deferred 401 & 403 plans to the wages, tips,etc. This would make the wages questions (#86 & #87) higher than the AGI (#83.)</p>

<p>However, the instructions state "Tax filers who are not self-employed should only use line 7." I imagine that one should follow the instructions, but just wanted somebody to clarfy this for me.</p>

2

<p>Okay, so I think I’ve figured it out. With the new Fafsa-On-The-Web, they have a place for you to put in your tax-deferred pension contributions, so I guess we do not need to add it in ourselves. Sound right?</p>

3

<p>If your contributions are tax-deferred, they are not included in the wages reported on your W2. It is properly reported in untaxed income.</p>

4

<p>Thanks Kelsmom! I think I did it all correctly.</p>