Unemployment & CSS Profile for sophomore year

BelknapPoint
Thu, 29 Oct 2020 00:14:45 +0000

I’m assuming unemployment for 2020 goes in the “other taxable income” box?

That sounds right.

Is an estimate ok or do I need a more exact figure?

As exact as you can make it, with the understanding that 2020 is two months from ending.

I assume I include any stimulus money received as well? And is this the taxable amount they want or the net deposited?

If you are referring to the $1,200 individual stimulus payments, that is not taxable income.

CSS does also ask about 2021, and I will obviously not be receiving unemployment - it’s hard to know what will happen with the pandemic, and it’s likely I will not be able to work outside the home for a while until things settle down. I was thinking this should all be explained in the special circumstances are of the CSS?

For many people, 2021 numbers will be estimates/best guesses. Special circumstances explanations probably aren’t necessary or required, but there’s no penalty if you want to provide something.