How to use data retrieval tool fafsa

How to link IRS data to FAFSA? What is data retrieval? 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.

Updates: There are no new updates available at this time.

IRS Data Retrieval Tool Step by Step Instructions. 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. FAFSA form using the data retrieval tool ( DRT ), and submit the correction. This can save the family some time in completing the FAFSA.

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.

Note : If you have already used the IRS DRT to transfer your tax return information into your application, click the View. Note : The person whose tax information is being transferred should enter his or her own. 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,. 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. 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. Remember to sign and submit the FAFSA transaction after income data has been retrieved.

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. Information from the FAFSA is used by schools to offer financial aid. Providing financial information on the FAFSA does not obligate the student or the parent to anything.

Use of this tool will increase the accuracy of your FAFSA information and streamline the application, review and award process.