Untaxed Vs. Taxed

calmom
Sat, 22 Jul 2006 23:49:39 +0000

I would recommend the calculators at www.finaid.org

If anything, untaxed income will increase your EFC more than taxed income, but I think that probably is simply because it is untaxed. That is, $10K in taxable income for someone in a 15% tax bracket is only $8,500 since the other $1500 went to pay taxes --whereas $10K in untaxed income is a full $10K.