College Confidential - View Single Post - For those who have a teenager working before Fasta..Help?

OverRunWithSons · 12-19-2007, 09:50 AM

I understand about the parents filling out the Fasta forms and thier income, but what about if your son or daughter worked during that year, I imagine their income also needs to be recorded? Does their income count in with the Parents --making it more to be recorded on the FASTA form? And is thier something about making less than $50,000 and needing MORE forms , information filled out --if you are over the $50,000 threshold for income on the Fasta? For those who have been through all of this, please help. We are teetering near the $50,000 mark for our family. With the 401K contributions taken out, it should be below $50,000. Please give me advice. Thank you all.

12-19-2007, 09:50 AM	#1
OverRunWithSons Junior Member Join Date: Jul 2005 Posts: 69	For those who have a teenager working before Fasta..Help? I understand about the parents filling out the Fasta forms and thier income, but what about if your son or daughter worked during that year, I imagine their income also needs to be recorded? Does their income count in with the Parents --making it more to be recorded on the FASTA form? And is thier something about making less than $50,000 and needing MORE forms , information filled out --if you are over the $50,000 threshold for income on the Fasta? For those who have been through all of this, please help. We are teetering near the $50,000 mark for our family. With the 401K contributions taken out, it should be below $50,000. Please give me advice. Thank you all.
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