Question : How do I fill out the FAFSA without a current year tax return?
My parents haven't filed tax returns for 2006 yet, but I have to fill out the FAFSA now. Should I just put in the amounts from 2005 or guess? And will I have to renew my FAFSA with the approximate amounts after I file tax returns? Thanks
- asked by queen_bee0042
All Answers:
Answer #1
I believe you fill out the 2005 portion based onthose tax returns and estimate on the 2006portion. Once you file them for 2006, then mostschools will require you to send them to theuniversity. Good Luck!!!
- answered by LLaRo
Answer #2
If the school(s) you're applying to have financialaid deadlines, use 2006 paystubs to estimate whatthe 2006 taxes would be. After the taxes are done,log back into the FAFSA and enter the correctednumbers. If the schools don't have financial aiddeadlines and your parents don't wait until thelast minute (April 15th) to do their taxes, I'drecommend waiting until you actually have thetaxes done so you only have to enter theinformation once. Even if your school doesn't havefinancial aid deadlines, it's ok to estimate taxinfo now and correct the info later on, when thetaxes are done. :)Every time you make changes toyour FAFSA, the schools whose codes you entered onthe FAFSA will get the most recent transaction.Wayto be proactive, and good luck!
- answered by penguinfan
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