Help please. EFC changed from 667 to 2371?

kelsmom
Wed, 26 Jun 2013 06:53:22 +0000

Questions 38 and 39 ask about earnings (wages, salaries, tips, etc.) in 2012. Answer the questions whether or not a tax return was filed. This
information may be on the W-2 forms, or on IRS Form 1040—lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); on 1040A—line 7; or
on 1040EZ—line 1. If any individual earning item is negative, do not include that item in your calculation.



The above is from the FAFSA question asking about income from work. I take back what I said above … the increase I was thinking of has to do with changing income from work from being split between mom & dad to being attributed to just mom or dad (due to the per-person allowance for working - only one person would get it, rather than two so EFC would rise).

But if the income from work was not reported on a W2 and was not reported on schedule C … but was just 1099 income reported on the 1040 as other income … then it wouldn’t be considered “income from work.” In this case, it would not get the tax allowances or the allowance for working.

That could be it … but I don’t know enough about how things were reported on the 1040 and/or on the FAFSA in the first place to know.