Our family qualified for the EIC (earned income credit) on our 2021 taxes. That’s the first and last time this has happened. We forgot to submit the EIC form along with our 1040, and this caused a massive delay in getting that portion of our tax refund. After much back and forth with the IRS, we got the actual EIC refund in October 2023, from our 2021 taxes. So I wasn’t sure how to answer the question on the 2024-25 FAFSA that asks if we received this benefit in 2022 or 2023. Do I answer based on the tax year, or the actual date we got the funds deposited to our account? Thanks for any help you can give!
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My understanding is that it is whether you QUALIFIED for the EIC in the 2022 tax year.
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Yes for the year in which you qualified.