IRS Data Retrieval

VERIFICATION: IRS DATA RETRIEVAL INSTRUCTIONS

If you were selected for verification you must verify your tax information supplied on the FAFSA. You can have your IRS Tax information verified through the “IRS Data Retrieval.”

1. Point your web browser to http://www.fafsa.ed.gov

2. Click on "Start Here"

  • You must enter your first name, last name, SSN, and your date of birth
  • Click "Next"

3. Select the "2016-2017" tab to update your 2016-17 FAFSA or the "2017-2018" tab to update your 2017-18 FAFSA.

4. Scroll down and select "Make FAFSA Corrections"

  • You must enter your FSA ID
  • You must create a temporary Password. This password will be deleted when you hit "Submit."
  • Click "Next"

5. Select "Financial Information" from the bar across the top.

  • The "IRS Data Retrieval" screen appears
  • Select "Already Completed" from the drop down menu
  • Five Yes/No questions will be asked. If you answer "Yes" to any of these then you will need to request an IRS Tax Transcript. The instructions are below.
  • If Dependent, select your parent and enter his or her FSA ID.
  • If Independent,enter your FSA ID.
  • Click on "Link to IRS"

6. A page will come up warning that you are about to leave the FAFSA website. Continue to the next page. 

7. Follow the on-screen instructions.

8. If you are told that your IRS Tax information is not available, you will have to order a Tax Transcript.

9. If your data is available you will be asked to verify some information.

  • Confirm your name, Select your TAX Filing status, Enter the address you used on your taxes
  • Click "Submit"
  • A screen should appear telling you what information will transfer into your FAFSA, review this.
  • Select the checkbox for "Transfer my Tax Information into my FAFSA"
  • Click on "Transfer Now"

10. The information will update the FAFSA and you will be returned to the FASFA website.

  • Review your changes, select "Next" when ready.
  • If you are a Dependent student you will need to complete steps 5-9 for both the student and a parent.

11. You will be at the "Sign and Submit" section.

  • Enter your FSA ID and select "Agree", click on "Sign"
  • Repeat this step for each person whose information you are updating: Mother, Father, etc…
  • Select "Submit my FAFSA now"

12. You will get a confirmation page. Print or Save this for your records.

  • Select "Exit" at the bottom of the page.
  • Select "Logout" at the top of the page.

13. Your updated information will be sent to the financial aid office.

IMPORTANT                     

Major Changes to the 2017-18 FAFSA:

  1. The 2017-18 FAFSA launched on October 1, 2016, three months earlier than in previous years. Complete the FAFSA as soon as possible to maximize your financial aid.
  2. The 2017-18 FAFSA now requires PRIOR-PRIOR year tax information. You will use your 2015 tax information when completing the 2017-18 FAFSA. This makes it easier to complete your FAFSA! Since you and/or your parents have already filed your 2015 taxes, you can electronically import your tax information directly into  the FAFSA. This is a fast and accurate way to the reduce the amount of paperwork that may be required by your school.
  3. BOTH the 2016-17 AND the 2017-18 FAFSA will use the 2015 Tax Information. Please DO NOT use 2016 Tax Information on your FAFSA!

Tax Return IRA and Pension Rollovers and IRS Data Retrieval

When you click on Link to IRS within your 2016-17 FAFSA or 2017-18 FAFSA Corrections, you transfer your Federal Adjusted Gross Income, IRS tax paid, Tax Exempt Interest Income, Education Credits, Untaxed IRA Distributions and Untaxed Pensions from your 2015 Federal U.S. Tax Return on the IRS website to your 2016-17 FAFSA.

What Tax Return Information Does Not Transfer to Your FAFSA?

The following does not transfer from your tax return.   You must manually enter this information on your FAFSA:

  • Choose  "Already Filed/Completed" a tax return;
  • Select Tax Return Filed – (1040, 1040A, or 1040 EZ);
  • Student, Father, and/or Mother's Income Earned from Work (wages, salaries, tips, business income).

What Happens with Your IRA and/or Pension Rollover?

The data retrieval tool does not identify and exclude tax return IRA and/or Pension distributions that have been rolled over into another account.  It will take the IRA/Pension distribution minus the taxable portion of the distribution and enter the result as untaxed IRA and/or Pension on your FAFSA.  This may result in a higher Expected Family Contribution (EFC) than you should have.

What Should You Do If You Have a 2015 IRA or Pension Rollover?

  • Do not attempt to correct the information yourself.  By changing any of the tax data, you compromise the data transferred from the IRS. 
  • Provide the following documentation to the Office of Student Financial Planning:
    • A written notice/request for a correction to your FAFSA Untaxed IRA and/or Pension Rollover.
    • A copy of Page 1 of your Federal IRS Tax Return.
    • A copy of IRS Form 1099 OR IRS Form 5498 from the organization the IRA or Pension was rolled into/out of.
  • As long as you have not compromised the tax data by making changes to your FAFSA, once your documentation is received, it will be reviewed and processed.

You Transferred the IRS Data But You Already Updated the Rollover Figures Yourself. Now What Do You Do?

  • Go to www.fafsa.gov, 2016-17 or 2017-18 FAFSA Corrections.
  • Select Link to IRS to again transfer your tax data to your 2016-17 or 2017-18 FAFSA.
  • Do not make any changes to the transferred tax data.
  • Provide the following documentation to the Office of Student Financial Planning:
    • A written notice/request for a correction to your FAFSA Untaxed IRA and/or Pension Rollover.
    • A copy of Page 1 of your Federal IRS Tax Return.
    • A copy of IRS Form 1099 OR IRS Form 5498 from the organization the IRA or Pension was rolled into/out of.
  • Once your documentation is received, it will be reviewed and processed.