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
Top AskRegs Questions: FAFSA Simplification
Verification 2024-25: Verification: 2024-2025
Verification: 2024-25 (Extended Edition)
FAFSA Simplification Web Center
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
How Do We Verify Income Earned From Work For a Tax Filer? (Award Year: 2024-25)
Can We Complete Verification If the IRS Extension To File Taxes Has Expired? (Award Year: 2024-25)
Can the CSS Profile Be Used To Verify Family Size? (Award Year: 2024-25)
Has the Tax Return Transcript Been Updated To Include Amended Tax Return Information?
Should an Incarcerated Spouse Be Included In the Student's Family Size? (Award Year: 2024-25)
Is a Verification Of Nonfiling Letter Required To Complete Verification? (Award Year: 2024-25)
Must We Re-Verify Students With Tax Extensions Once Their Taxes Are Filed? (Award Year: 2024-25)