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What can FAFSA funds be used for?

Federal student aid from ED covers such expenses as tuition and fees, housing and food, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care. Types of Financial Aid: Loans, Grants, and Work-Study Programs studentaid.gov understand-aid types studentaid.gov understand-aid types

Why does FAFSA ask for tax information from 2 years ago?

The FAFSA requests family income information from two years prior. This allows the FAFSA to use the FUTURE Act Direct Data Exchange (FA-DDX), a resource that quickly pulls in tax information and makes completing the FAFSA much simpler.

What tax information is needed for FAFSA 2023?

Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.) Bank statements and records of investments (if applicable) Records of untaxed income (if applicable) What will I need to fill out the FAFSA? - Federal Student Aid studentaid.gov help info-needed studentaid.gov help info-needed

What tax return do I need for FAFSA 2024 25?

Use your 2022 tax return to complete the income section of the 2024-25 FAFSA and CSS Profile. If you did not file a tax return, use your income information from 2022 to complete both forms.

Which taxes do I need for FAFSA 2023?

On the 202324 FAFSA form, youll report 2021 tax or calendar year information when asked these questions.

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