V1 dependent verification worksheet 2025

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  1. Click ‘Get Form’ to open the v1 dependent verification worksheet in the editor.
  2. Begin with Step 1 by entering your personal information, including your last name, first name, middle name, Social Security Number, address, date of birth, and contact details. Ensure accuracy as this information is crucial for identification.
  3. Move to Step 2 and list all household members. Include yourself, your parents (and step-parent), and any other dependents living with you. Provide their college information if applicable.
  4. In Step 3, indicate whether your household received untaxed income in 2014. If yes, proceed to complete the Untaxed Income section on page 3.
  5. For Steps 4 and 5, answer questions regarding tax filing status for both you and your parents. Follow the prompts based on your responses.
  6. Continue through Steps 6 to 8 by providing necessary documentation for food stamp benefits and child support if applicable. Finally, ensure both you and a parent sign the certification section.

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Its possible that you wont need to verify your income or tax information if you used the IRS Data Retrieval Tool to complete your FAFSA! If, however, you: Used the IRS Data Retrieval Tool, but reported rollovers or. Used the IRS Data Retrieval tool, but amended your tax return.
What happens if I do not complete verification? If a student who is selected for verification does not complete the verification process, then any federal and/or need-based aid (Pell grant, SEOG, Work-Study, Federal Direct loans, certain Scholarships, and institutional aid) will NOT be awarded or disbursed.
Verification is the process your school uses to confirm that the data reported on your FAFSA form is accurate. If youre selected for verification, your school will request additional documentation that supports the information you reported. Dont assume youre being accused of doing anything wrong.
FSA announced some good news at its most recent conference: For the current 2021-22 FAFSA cycle, the verification selection rate for all filers was reduced from 22% to 18%. However, the selection rate for Pell Grant-eligible FAFSA filers remains much higher.
The verification process involves submitting documents such as tax transcripts and W-2 forms so the financial aid office at your college can see that the information on these documents matches your FAFSA application.
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