Posts Tagged file

My parents weren’t required to file taxes last year. What documents do I need for college financial aid?

100% of the income my parents received last year was social security. My dad is disabled and neither work.

Last year they were not required to file their taxes.

Right now I’m trying to apply for financial aid.

It says I need copies of their Federal Income Tax forms, W-2 forms, ect.

Which documents are they supposed to have? Do they have either of these? I called my mom and she says she doesn’t have either since they didn’t have to file. Is she wrong?

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Is my refund check from college financial aid going to be taxed when I file taxes?

I received a $2000 refund check this year for college. When I file taxes this year, will I owe taxes on that amount since I did not use it for educational purposes? And none of this money was from loans.

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If my husband and I file our tax return separately, do I have a better chance for college financial aid?

We are a middle income family, He works full time, I work very part time, and attend college. Even though they say our EFC is 14000 that does not mean we have it! Previous student loans, mortgage, bills etc all add up. I am never eligible for anything beyond an unsubsidized federal loan, and our credit is shaky at best, we are not eligible for a private loan. If we file “married filing separate” will I be able to receive additional financial aid?

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