The Tax Transcript Decoder© is a visual guide to assist financial aid administrators with quickly identifying the correct transcript line items needed to complete the verification process. This tool contains a color-coded sample tax return and corresponding tax return transcript. The decoder also includes a sample Form W-2 cross-referenced with a W-2 Wage and Income Statement.
Publication Date: 11/21/2022
Application Processing - October 2024
Top AskRegs Questions: FAFSA Simplification
FAFSA Simplification Web Center
FAFSA Tips & Common Mistakes to Avoid
Do We Include Business Income/Loss As Income Earned From Work? (Award Year: 2024-25)
What Are the Rules For Updating Marital Status After the FAFSA Is Filed? (Award Year: 2024-25)
Will NASFAA Provide a 2024-25 Tax Transcript Decoder?
Verification 2024-25: Verification: 2024-2025
In What Instances Is the PJ Flag Required For 2024-25? (Award Year: 2024-25)
2024-25 Verification_Webinar_FAQ
Can We Require That Students To Complete a Request Form Before Awarding Federal Work-Study?
How Do We Verify a Student With Zero Income Earned From Work? (Award Year: 2024-25)
What Do the IRS Response Codes Mean? (Award Year: 2024-25)
How Do We Verify Foreign Nontax Filers Starting With the 2024-25 Award Year? (Award Year: 2024-25)
Verification: 2024-25 (Extended Edition)
How Do We Verify a Negative Adjusted Gross Income (AGI)? (Award Year: 2024-25)
How Do We Verify a Student's Spouse Who Was Claimed On Her Parents' 1040? (Award Year: 2024-25)
How Are IRA, Pension, and Annuity Rollovers Reported On the FAFSA? (Award Year: 2024-25)
How Do We Verify Rollovers of IRA, Pension, and Annuity Distributions? (Award Year: 2024-25)
FAFSA Simplification Implementation Checklist for Schools