Yes, but that’s a below the line deduction so the MAGI would be higher
Do your colleges use the Profile?
I don’t travel for work per se but I am reimbursed for subway, parking and mileage expenses when I go to court or to see a client locally. Years ago, we could go to the cashier and get petty cash reimbursements, then we were given separate checks for reimbursement. Once we went to requiring direct deposit for everyone’s pay, reimbursement was added to our paychecks, but it is clearly identified as reimbursement on the stub . it is not taxable becuase you were already taxed on that money before you spent it for the travel. As an aside, several of the men I worked with were upset when their reimbursements started going into the actual paychecks because that had been their “mad money.”
@thumper1 Yes almost all my colleges used the CSS profile.
Thank you to everyone for your input! I have spent the past week meeting with financial aid officers and going through their respective appeal processes. This has definitely been frustrating with the May 1st deadline approaching while not having definite numbers in front me but most of the schools were fairly willing to hear us out and recommended that we do appeal our decision.
Thanks again!