What does income tax mean for FAFSA?
Im filling out my fafsa and its asking me what my income tax was for 2017, is this how much money i made or is it my Federal income tax withheld?
- nancyLv 75 months ago
It is the amount of tax you actually paid, not the amount of money you made or the amount that was withheld. If you filed a tax return, you'll find this number on line 56 of a 1040 tax return.
- diLv 45 months ago
It means the amount of your withholding the federal government KEPT. 1040 line 56- line 46, 1040A line 28 - line 36, or 1040EZ line 10. The instructions will tell you which line to use for the tax form you filed.
- Pearl LLv 75 months ago
just the taxes, not how rnuch rnoney you rnade
- I Like StoriesLv 75 months ago
I haven't filled out the FAFSA in a several years, but as I recall it asks for the value on a specific line on the 1040.
- How do you think about the answers? You can sign in to vote the answer.
- InLv 75 months ago
Instructions for filling out your student loan application are in the link. Have you considered going to a community college then transferring to a 4 year institution? You can get just as good an education and save a ton of money. Starting off your career with a huge debt can adversely affect you for many years to come.
- 5 months ago
It doesn’t mean anything. You are not smart