FAFSA uses a basic formula tailored to individual states. See, for example, page 17 of this year’s EFC Formula Guide:
http://ifap.ed.gov/efcformulaguide/attachments/090214EFCFormulaGuide1516.pdf
Ahhh understood. Okay thanks guys.
Home equity isnt that high
It is more interesting how Profile schools take state taxes into account, especially if parent(s) do not file 1040. There is no question about state taxes on Profile.