General question - untaxed income

swimcatsmom
Thu, 28 Jun 2012 17:46:59 +0000

As far as I can tell, the EFC formula just adds untaxed income to taxed income to give total income. It does not treat it any differently other than it is not included in calculations for certain allowances such as FICA. It even looks like it gets the same state allowances as taxable income.