Monday, August 20, 2018

How to use fafsa data retrieval tool

How to link IRS data to FAFSA? What is data retrieval? If not read the avoiding verification at the bottom. Just log onto FAFSA and if you did your taxes seperately then you and your parents need to do the IRS data retrieval.


The colleges used to ask for copies of your taxes but now they want transcripts. Those can be sent quickly to the college.

Your FAFSA will be saved and you will be transferred to the IRS Web site. For those eligible to use the Data Retrieval Tool , this article contains step-by-step directions for linking IRS records into your FAFSA , which starts by logging into fafsa. IRS Data Retrieval Tool Step by Step Instructions.


Most students and parents who filed a U. However, there are a few scenarios in which students and parents are ineligible to use the IRS DRT ,. To use the Data Retrieval Tool , complete the following steps: Go to fafsa. using your FSA ID. Select the “Continue” or “Make a Correction” button. In the finances section of the online form, you will see a “Link to IRS” button if you are eligible to use the IRS DRT.

This can save the family some time in completing the FAFSA. Note: You will not be able to use the IRS DRT on the FAFSA if:-You are a victim of Identity Theft -Filed a foreign tax return-Filed taxes as “Married Filing Separate” -Were granted a tax filing extension. If this is true, that’s a good thing, as being selected for verification takes time and effort.


FAFSA , and youll now see fields pre-populated with data from your tax return. Note: Do not update any that say ZTransferred from the IRS. Doing so can invalidate your FAFSA and you may be required to submit additional documentation at a later date. Answer the questions asked to determine eligibility. If eligible to use the tool, enter your FSA password (For a dependent student, the parent financial information will be requested first).


Click on the “Link to IRS” button. Additional security and privacy protections have been added to address concerns that data from the tool could be used by identity thieves to file fraudulent tax returns. HOW TO USE THE DATA RETRIEVAL TOOL ON YOUR FAFSA The Data Retrieval Tool is a great resource to use while filling out the FAFSA. There are several ways that this information can be provided. Utilizing this option saves on time and helps to eliminate mistakes.


Also, it is mandatory if you are selected for verification. When using the Data Retrieval Tool , all your tax information is directly pulled from the IRS database. Once you are logged into your FAFSA, to use the Data Retrieval Tool you will need to go the “Financial Information” tab. This tool allows students and parents to import their tax information directly into the FAFSA.


If you make any corrections using this tool , make sure you sign and submit your FAFSA to complete the process.

All students are encouraged to use the DRT to ensure that accurate information is provided on the FAFSA.

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