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)
2023-24_ NAO_Application_ Processing_Handout
FAFSA Simplification Web Center
How Do You Complete Verification If the Only Parent On the FAFSA Dies After the FAFSA Is Filed?
For 2024-25 Verification, How Do We Know Whether a 2022 Form 1040 Schedule 1, 2, Or 3 Was Completed?
Should Schools Collect W-2s To Resolve Conflicting Information About Income?
Policy Update: FAFSA Simplification Handout
What Federal Tax Information Is Retrieved Using the FUTURE Act Direct Data Exchange?
Can We Waive Verification For a FPS-Selected Applicant?
Can Someone Who Owes Taxes Obtain a Tax Transcript?
How Long Does It Take To Get a Tax Return Transcript?
Can a Relative Be Included In the Family Size If the Relatives Lives In Another Country?
How Do We Complete Verification If One Of the Two Parents Dies After the FAFSA Is Filed?
Are There IRS Request Flags and Data Field Flags Starting In 2024-25?
Whose Information Is Provided On the FAFSA If Three Parents Live In the Same Household?
What Happens If the Student's Custodial Parent Dies After the FAFSA Is Completed?
What Is a Best Practice For Handling Comment Codes That Do Not Require Resolution?
Can Two Unmarried Students With a Child Living Together Both Be Independent?
Does a Student Need To Claim Federal Work-Study Funds As Income?
Can We Have a Policy To Exclude Independent Siblings From Family Size?
Can Family Size Be Updated After Verification Is Completed? (Award Year: 2024-25)
Are All Foster Children Excluded From Family Size?
Can an Older Sibling Be Included In the Family Size Of a Dependent Student's Parents?
Should We Add a Fiancee's Earnings During Verification If the Fiancee Is Included In Family Size?
Should We Verify FAFSA Data Beyond Federal Verification Requirements?
How Is Unemployment Compensation Reported on the FAFSA?
How Do We Verify an Unmarried Student With a Domestic Partner?
How Are Insurance Settlement Proceeds Reported On the FAFSA?
If a Noncustodial Parent Contributes Money To the Student's Education, Is the Amount Untaxed Income?
Are We Required To Verify Retirement Savings Contributions Credits Or Check IRS Form 8880?
Can We Accept a Notarized Statement Of Educational Purpose If the Notary Stamp Is Expired?
FAFSA Simplification Implementation Checklist
Are We Required To Complete Verification Before Performing Professional Judgment?