It's more important that you meet the school's deadline than that you be
exact - you can always revise the FAFSA later after taxes are done, but
you want your original FAFSA logged as received by the due date. To meet
your deadline you'll need to do the FAFSA online with best estimates at
www.fafsa.ed.gov
Since you only talk about your income, and not mom's, I'll assume that
you are an independent student. If you are an independent student who
doesn't need to report parent information, all you need is to know how
much you earned from work (including work study), plus interest etc.
Other financial aid is not a factor.
Assuming you are not married and not being taken as an exemption on
mom's taxes, deduct from your taxable income the standard deduction of
$4,850 + $3,100 personal exemption and your tax is 10% of the first
$7,150 remainder, plus 15% of any excess.
If in fact you have to provide parent information, or are an exemption
on mom's taxes, it get's more involved.
Tax forms are available at libraries or online at
http://www.irs.ustreas.gov/
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
BadMuthaHubbard.TakeThisOut@hotmail.com wrote:
> Hi.
>
> I f***ed around, now my school's deadline is Tuesday, March 15. My W2
> from my summer job is at home, Mom's sending it overnight in the
> morning. I have the W2s from my work study, and the statements from my
> banks.
>
> Is there some other documentation I need, like showing my financial aid
> from this year? I am not too concerned right now about getting lots of
> money back, as long as I can get the thing filed in time.
>
> Also, maybe this is the wrong place to ask, but are there places that
> will do your taxes in one day?
>
> What I'm thinking is, if it isn't too complicated (I'm pretty smart) I
> will figure it out on my own, even if I have to just figure out the
> FAFSA parts and file my return later. If it is really complicated, I'm
> better off paying someone....
>
> I'm having a hard time finding stuff about this online. What can yall
> tell me, besides don't wait so long?
>
>
> Thanks!
> -Chuckk
> >> Stay informed about: FAFSA