FAFSA -- Divorced parents with 2 kids- whose income

@cptofthehouse if they are doing the 2021-2022 FAFSA, they need 2019 tax returns, not 2018.

And these parents are divorced…npcs probably won’t be accurate.

@Later2021 the tax dependency status for income tax has NO bearing on which parent goes on the FAFSA. For FAFSA purposes, students of divorced parents use the parent with whom they resided greater than 50% of the time for the year prior (the 365 days prior) to FAFSA filing date. That is the rule.

And gain, please clarify, what is are the incomes INCLUDING the contributions to 401K plans. You don’t take that amount out. Those contributions made in 2019 will be added back in as income when your FAFSA EFC is calculated.

Also, if you pay child support and/or spousal support to the parent filing the FAFSA, that must be reported as well. This would be the amount paid in 2019.

And again…I ask…what is your budget for college costs? Your student needs to know that budget.