EXPENDITURES SCHEDULE PAGE 1 2025

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This is question 32 on the Free Application for Federal Student Aid (FAFSA) PDF. Generally, taxpayers file a Schedule 1 to report income or adjustments to income that cant be entered directly on IRS Form 1040. This question is used to help determine if you may be eligible to skip certain questions in the FAFSA form.
Schedule 1 is used to report types of income that arent listed on the 1040, such as capital gains, alimony, unemployment payments, and gambling winnings. Schedule 1 also includes some common adjustments to income, like the student loan interest deduction and deductions for educator expenses.
If you itemized your deductions in the previous year, all or some of your prior year state income tax refund may be considered taxable income on this years Federal tax return (Schedule 1 (Form 1040), Line 1).
Schedule 1 (Form 1040), Additional Income and Adjustments to Income. Have additional income, such as unemployment compensation, prize or award money, gambling winnings.
Schedule I drugs, substances, or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse. Some examples of Schedule I drugs are: , lysergic acid diethylamide (LSD), marijuana (cannabis), 3,4-methylenedioxymethamphetamine (ecstasy), methaqualone, and .
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Self-employment income is NOT reported as Other Income. Even if you get a 1099-MISC or 1099-NEC, ensure you dont confuse self-employment income with Other Income. Nontaxable income is also NOT considered Other Income.

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