Hiding Liquid assets

Kdog044
Sun, 25 Mar 2012 21:34:04 +0000

I don’t see that there is anything you can do. Every bonus I ever received was listed as income on my paycheck and thus it would be included in the total income for the year (i.e. W2’s). Your 1040 return’s AGI is the first item used to calculate your EFC on FAFSA so it won’t matter one bit how you spend it or what you do with it. That being said, if you don’t get one next year it will lower your EFC for your kid’s sophomore year.