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Click ‘Get Form’ to open the 2020 v1 verification worksheet in the editor.
Begin by filling out Section A: STUDENT INFORMATION. Enter your last name, first name, middle initial, address, student ID, date of birth, and contact information accurately.
Proceed to Section B: DEPENDENCY AND FAMILY INFORMATION. Check the appropriate boxes that apply to your situation to determine your dependency status.
In Section C: TAX FORMS AND INCOME INFORMATION, indicate whether you or your parents filed taxes in 2018 by checking the relevant boxes.
If applicable, complete Section D: TAX FORM NON-FILERS AND INCOME INFORMATION by listing employers and income for those who did not file taxes.
Finally, sign and date in Section E: SIGNATURES. Ensure both the student and one parent sign before submission.
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V1Standard Verification Group. Students in this group must verify the following if they are tax filers: Adjusted gross income. U.S. income tax paid. Untaxed portions of IRA distributions.
What are the requirements for V1 verification?
V1 or the Standard Verification Group: You must verify the following ISIR data: adjusted gross income (AGI), U.S. income tax paid, untaxed portions of IRA distributions, untaxed portions of pensions, IRA deductions and payments, tax exempt interest Income, education tax credits, foreign income exempt from federal
Can I use my 2020 tax return for FAFSA 2023?
The FAFSA form asks for income and taxes paid according to lines on the IRS tax forms for 2020, the base year for 20222023. Data from the completed tax year is used as a predictor of the familys financial situation for the current year.
Why was my financial aid selected for verification?
There are a variety of different reasons someones FAFSA could be selected for verification, including random selection, applying to a college that verifies all students, to protect against identity theft, or most commonly, there was an error on your FAFSA that needs fixing.
You must complete and sign this worksheet, attach any required documents and submit the form and other required documents to Office of Financial. Aid. The
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