social security and worksheet A

sblake7
Sun, 30 Mar 2008 15:38:27 +0000

Worksheet A is where you add in UNTAXED Social Security benefits received. So if you or the student received untaxed social security benefits during '07, whey wouldn’t be included when you reported your AGI in an earlier question. But they get reported here-- FAFSA does consider this as usable income.

Good news is that benefits paid to the parent on the child’s behalf get counted as parent’s income (on Parent’s Worksheet A), which is better formula-wise than showing it on the Student’s Worksheet.

So the portion of the SS benefits that you get that’s taxable is already included in the AGI- don’t include it on the Worksheet. The portion of the SS benefits that’s untaxed goes on Worksheet A.