IRS Data Retrieval Tool & FAFSA

three4three
Wed, 04 Apr 2012 10:43:22 +0000

I decided to have 2 of my kids file the 1040EZ, even though their only income was from scholarships and they weren’t technically required to file. (Their income fell below the filing threshhold). I decided to take the chance that it would be quicker and easier to use the Data Retrieval Tool to update their Fafsa for Verification purposes. Well, we filed their tax returns electronically (using the IRS Free Fillable Forms) on March 27, and I was able to access the Data Retrieval Tool on April 1st. I was SHOCKED that everything happened so fast! Maybe they got process fast because they were “0” tax returns; I don’t know. I’m just happy to finally be seeing the light at the end of the tunnel!