How do i use the irs data retrieval tool

How to complete the IRS data retrieval process? What is the IRS data retrieval tool (DRT)? How to use the data retrieval tool on your FAFSA? If you are eligible to link to the IRS , you will be able to select the “Link to IRS” button to be transferred to the IRS site.

If you are not eligible to use the IRS DRT , you will not see this button. Your FAFSA will be saved and you will be transferred to the IRS Web site.

You indicated that you will file or are not going to file a federal income tax return. If for any reason the Data Retrieval Tool is unavailable, you can manually enter your tax information into your FAFSA. To use the Data Retrieval Tool , complete the following steps: Go to fafsa. This can save the family some time in completing the FAFSA. 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,.

This is a quick an easy way to transfer information from your federal tax turns directly into your FAFSA. UCSBFinAid 124views. IRS Data Retrieval Tool Step by Step Instructions.

Jtypedthisinformationearlieronyourapplication,so do adoublecheckhere,anifincorrect,youcan correctitherethengobacktoyourdemographic. If you make any corrections using this tool , make sure you sign and submit your FAFSA to complete the process. Use of this tool will increase the accuracy of your FAFSA information and streamline the application, review and award process. If you use the tool , our office will receive your information quicker. Enter the appropriate FSA Username and Password.

An IRS Tax Return transcript is not a photocopy of your IRS income tax return. By correcting your FAFSA , using this tool , you may not have to request a IRS Tax Transcript from the IRS to verify your FAFSA information. If your data differs significantly from the you submitted on your original FAFSA, you may receive an adjustment to your financial aid award.

If you answered ZNo to these questions, click the Link to IRS button. YES - The IRS data retrieval tool is very sensitive to the information you enter for your address. DO NOT MAKE ANY CHANGES to the information.

For your privacy, the tax information you transfer from the IRS into your FAFSA form will not be visible to you 9. Proceed to the Sign and Submit page Instructions for the student to use the IRS data retrieval : 1. Go to Student Financial Information page 2. Click blue box that say’s Link to IRS 3. Last spring, the Department of Education and the IRS took the tool offline, as a result of concerns over identity theft. All students are encouraged to use the DRT to ensure that accurate information is provided on the FAFSA. All FAFSA on the Web (FOTW) applicants and parents of dependent applicants who indicate they have filed or will file their most recent tax return will be directed to use.

Once this data is retrieved from the IRS , it can be transferred to the FAFSA application.

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. All tax information must come directly from the Internal Revenue Service (IRS). You may correct (update) your FAFSA income data by importing the federal tax information directly from the IRS.