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.
Please note that NASFAA does not have plans to offer the Tax Transcript Decoder for 2024-25 going forward. For NASFAA Members, we do offer the similar tools to assist with verification:
Publication Date: 3/29/2024
Verification: 2025-26 (Extended Edition)
Verification 2025-26: Verification: 2025-26 - January 2025
Application Processing - October 2024
New Aid Officer Training Webinar Series 2024-2025
New Aid Officer Training Webinar Series 2024-2025: New Aid Officer Training Webinar Series 2024-2025
FAFSA Simplification Web Center
When Is Verification Required For Amended Or Corrected Tax Return Filers?
Why Are Students Falling Off Our AHSI25OP Lists For V4 and V5 Verifications? (Award Year: 2024-25)
Are We Required To Verify Students Who Appear In Our AHSI25OP Files? (Award Year: 2024-25)
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Off the Cuff - Episode 302 Transcript
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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?
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)
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