Effective for the 2018-19 Free Application for Federal Student Aid (FAFSA)
2018-19 FAFSA: The Free Application for Federal Student Aid became available to complete beginning Oct. 1st. Applicants will use prior-prior year tax information when reporting personal and family income. For the 2018-19 FAFSA, parents/students will use 2016 tax year income.
Tax Filers: Since the 2018-2019 FAFSA requires 2016 tax information, if selected for Verification a 2016 IRS Tax Transcript is required.
Non-Tax Filers: An IRS Verification of Non-Filing Letter dated on or after October 1, 2017 that indicates a 2016 IRS income tax return was not filed with the IRS is required. An IRS Verification of Non-filing Letter can be obtained online using the IRS Get Tax Transcript service. If you cannot request it online, it must be obtained from the IRS using Form 4506-T, Request for Transcript of Tax Return, and checking box 7.
Will I have to update the FAFSA after I file 2017 taxes?
No. For your 2018–19 FAFSA, you only provide 2016 tax information. You do NOT provide 2017 tax information, even after you've filed 2017 taxes. Tax information for 2017 will be used on the 2019-2020 FAFSA.