which income tax does FASFA want?

Paying for College
1

<p>when filling out fasfa does it ask for state income tax or federal income tax or does it want both?</p>

2

<p>It asks for federal income tax return info. For the 2014-2015 fafsa, available Jan. 1, it will want 2013 federal income numbers. If you’re asking just about the amount of taxes owed and paid it asks for federal. In the fafsa formula there is a table that gives you credit for state taxes paid, a percentage of total income that varies by state.</p>

<p>This is the fafsa formula guide for 2014-15:</p>

<p><a href=“http://ifap.ed.gov/efcformulaguide/attachments/091913EFCFormulaGuide1415.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/091913EFCFormulaGuide1415.pdf&lt;/a&gt;&lt;/p&gt;