Do Prior Year Tax Returns Affect FAFSA Financial Aid Applications?
Im trying to figure out if I need to file my taxes from last year before doing FAFSA. Been putting off filing my 2022 taxes and now I need to do financial aid for my kid starting college. Anyone know if this will cause problems? Really dont want to mess up the financial aid process.
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Yuki Yamamoto
Yes, you absolutely need to file your taxes for FAFSA. They use your tax info to determine aid eligibility. For the 2024-2025 school year, they'll need your 2022 tax return info. If you haven't filed, it will definitely delay the process and could affect how much aid your kid gets.
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Ethan Brown
ugh this is what I was afraid of 😩 guess i better get on it asap
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Carmen Ruiz
same boat here. just filed my 2022 taxes last week. the whole system is ridiculous fr fr
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Andre Lefebvre
Hey, I was stuck with this exact problem last month. I used taxr.ai to help me figure out my transcript situation and it helped me understand exactly what I needed to do to get everything straight with financial aid. Its only $4.99 and saved me hours of research. Check it out: https://taxr.ai
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Zoe Dimitriou
how accurate is it? seems too good to be true tbh
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Andre Lefebvre
its actually insane how good it is. literally told me exactly what was missing and what forms I needed. saved my butt with the fafsa deadline
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Zoe Dimitriou
just tried it and WOW 🔥 wish I knew about this sooner ngl
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QuantumQuest
pro tip: if u file electronically it processes faster. dont mail that stuff in unless u wanna wait forever 💀
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Jamal Anderson
My daughter almost lost her financial aid bc I waited too long to file. Dont be like me lol
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Ethan Brown
thanks for the warning! 😅
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Mei Zhang
You might still be able to submit FAFSA with estimated numbers, but youll have to update it once you actually file. Just remember financial aid is first come first served at alot of schools
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Liam McGuire
This! The earlier you submit the better chance for more aid 💯
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