FAFSA-IRS Data Retrieval Tool & Tax Return Transcript Process

• What is the IRS Data Retrieval Process?
• Filing a FAFSA with the IRS Data Retrieval Tool
• FAFSA Corrections
• Eligibility
• IRS Tax Return Transcript Request Process

What is the IRS Data Retrieval Tool?

The “IRS Data Retrieval” tool is a process designed to provide an easier way to complete the FAFSA (Free Application for Federal Student Aid). Eligible students (and their families) who have completed their federal tax return may use this tool to automatically populate financial information required on the FAFSA. Using the “IRS Data Retrieval” tool eliminates errors and verifies your reported tax information with IRS reporting. All imported data will be marked with “Transferred from the IRS” on the FAFSA.

Filing a FAFSA with the IRS data retrieval tool

Students (and parents of dependant students) who indicate that they have filed their federal returns before completing their FAFSA and meet eligibility requirements will be directed to use the FAFSA-IRS Data Retrieval Tool to complete their form. Students who elect to not use the FAFSA-IRS Data Retrieval Tool or make changes after importing the data will be required to submit tax information to the financial aid office for verification.

How to use the IRS data retrieval tool

1. Enter your PIN and click “Link to IRS” (if you entered your PIN to begin your FAFSA, you will not be required to enter it again)
2. Your FAFSA will be saved and you will be transferred to the IRS website
3. On the IRS website, enter all required information to authenticate your identity
4. After verification, your IRS tax information will be displayed. Select “Transfer My Tax Information into the FAFSA”
5. All automatically populated tax questions will be marked with “ Transferred from the IRS” when you return to the FAFSA

FAFSA Corrections

Students can complete a FAFSA before their federal taxes are filed. Students may file using the “estimated income” information and submit corrections later. Students who use this process can use the IRS data retrieval tool once their tax returns are completed to make official corrections to their FAFSA.

Eligibility

Students (and their parents) who file a federal tax return for the most recent tax year will be eligible to use the IRS data retrieval tool. Some filing statuses will make people ineligible to use the tool:

1. A married independent student and spouse who filed separate tax returns
2. The parents of a dependant student filed separate tax returns
3. A student or a dependant student’s parent has had a change in marital status after the end of the tax year
4. The student, parent or spouse have filed an amended tax return
5. The student, parent, or spouse have an unpaid federal tax liability

Verification and the IRS Tax Return Transcript Request

Beginning in the 2012-2013 academic year, verification requirements are changing. The financial aid office is no longer able to accept copies of a student or parents prepared taxes and W-2’s for verification. If a student is selected for verification and they (or their parents) have filed a federal tax return, they will be required to submit an IRS Tax Return Transcript. The tax return transcript can be requested, free of charge, from the IRS.