Gave college tax returns, why do they need W2s?

Paying for College
1

<p>I recently turned in a dependency worksheet for my college. They have access to tax returns from the year as well.</p>

<p>But the college now wants my parents’ W2s as well. What is the reason?</p>

2

<p>^One of many: the 401(k) contribution would be on your W2 but not on your tax returns.</p>

3

<p>Believe it or not…some folks put different things on their tax returns than what is on their w-2. The college just wants to be sure that what you enters on your w-2 is what is on your return.</p>

<p>And as noted…there are some things that are not on your tax return…but would be in your w-2.</p>