6 Things Students Need Before They Fill Out the FAFSA® Form You and your contributors must provide consent and approval even if they didn’t file a U S federal tax return or any tax return at all If you or your contributors don’t provide consent and approval to have your federal tax information transferred into the FAFSA ® form, you won’t be eligible for federal student aid
New requirement to consent to share Federal Tax Information (FTI) All contributors to the 2024-25 FAFSA are required to provide consent to retrieve and disclose Federal Tax Information (FTI) from the IRS to the Department of Education Once consent is provided, the IRS automatically sends FTI, eliminating manual entry of income and tax information for contributors that filed 2022 US federal taxes
Access and Use of Federal Tax Information (FTI) Starting with the 2024-25 award year, FAFSA® contributors (student and spouse or parent stepparent, as applicable) must give the U S Department of Education (ED) consent to retrieve federal tax information (FTI) from the Internal Revenue Service (IRS) for purposes of determining a student's eligibility for Title IV federal student aid
How to answer FAFSA ® student income tax questions To be eligible for federal aid, you have to consent to allow the FAFSA ® to import your tax return information directly from the Internal Revenue Service (IRS) for your application Providing consent also lets you skip the remaining income tax questions on the FAFSA ®, making it faster to complete Can I skip these questions?
Financial Aid Consent, Financial Data and Taxes - Amherst The consent is necessary not only for the U S Department of Education to request federal tax information from the IRS but also to use that FTI in the federal student aid application process (i e , disclose that information to certain eligible entities, such as higher education institutions)
2024-25 FAFSA Guide for Parents and Contributors - Partner Guidance PARENTS: Help your student finish the 2024-25 FAFSA form before their school’s deadline by adding the required information to the contributor section If you’ve already started, login to studentaid gov to make sure your student’s FAFSA is complete!