Do you have to report taxes in order to receive FAFSA?
Okay. So I'm a high school senior and I'm about to freak out seriously. I started my FAFSA application but did a little research and you have to put your parents tax returns. Am I screwed if my parents don't report taxes? Or how does it work? I'm lost...
Asked By: Karina - 10/6/2012
Best Answer - Chosen by Asker
If your parents were required to file a tax return, they must file the return in order for you to be eligible for FAFSA funds. For example, if your parents are married, under the age of 65 and would file jointly, then they would be required to file a return if their gross income (i.e. income before taxes) was $19,000... More
Answered By: nancy - 10/6/2012
Additional Answers (2)
yes you do, it is based on income. however, I am looking into it myself for next year. My parents got divorced and my dad isn't supporting me. So I am going to try to claim myself (I.E. use my own tax info). However, I don't know if I will be able to since I haven't held a job this past year.
Answered By: Jonathan - 10/6/2012
since federal financial aid is supported with taxpayer dollars, of course your parents would have to file their taxes for you to be eligible.
Answered By: Paul - 10/6/2012
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