Momto6inIN Posted October 4, 2017 Share Posted October 4, 2017 I filed it today for the 2018-2019 school year and linked it to our IRS 2016 tax return. I thought it would ask me to estimate for 2017 and tell me to come back to it later or something but it never did and then it prompted me to submit so I did. And now I'm panicking that I did something wrong ... What do I do after I file my 2017 taxes? Sent from my Z988 using Tapatalk Quote Link to comment Share on other sites More sharing options...
PinkyandtheBrains. Posted October 4, 2017 Share Posted October 4, 2017 I filed it today for the 2018-2019 school year and linked it to our IRS 2016 tax return. I thought it would ask me to estimate for 2017 and tell me to come back to it later or something but it never did and then it prompted me to submit so I did. And now I'm panicking that I did something wrong ... What do I do after I file my 2017 taxes? Sent from my Z988 using Tapatalk They changed which tax year you use. 1 Quote Link to comment Share on other sites More sharing options...
Milknhoney Posted October 4, 2017 Share Posted October 4, 2017 That's right. They just changed it last year. File date is now October 1 instead of January 1, so you submit the previous year's taxes. Assuming it is basically the same as this year, then you don't need to do anything else. If your student is Pell Grant eligible, then the institution is going to be asking you for verification. Or if your income for 2017 has dropped significantly and you feel that your student should be eligible for more aid than given, contact the financial aid office at the university to find out what to do next. This would be after they issue the original award based on 2016. 1 Quote Link to comment Share on other sites More sharing options...
Momto6inIN Posted October 4, 2017 Author Share Posted October 4, 2017 Whew!!! Thanks Sent from my Z988 using Tapatalk 1 Quote Link to comment Share on other sites More sharing options...
*LC Posted October 5, 2017 Share Posted October 5, 2017 Help me put this in terms of school years in addition to tax year. (I think I understand, but I had an authority completely confuse me about this recently.) The OP's student is a senior applying for college for next fall. The 2016 tax return required for FASFA was the one that was due April 2017, the student's junior year. The 2016 tax year used is the school year when the student was a 2nd semester sophomore/first semester junior. Did I get that right? If so, I think the other person and I were saying the same thing, but with different terms. At least, I hope so. Quote Link to comment Share on other sites More sharing options...
Momto6inIN Posted October 5, 2017 Author Share Posted October 5, 2017 Help me put this in terms of school years in addition to tax year. (I think I understand, but I had an authority completely confuse me about this recently.) The OP's student is a senior applying for college for next fall. The 2016 tax return required for FASFA was the one that was due April 2017, the student's junior year. The 2016 tax year used is the school year when the student was a 2nd semester sophomore/first semester junior. Did I get that right? If so, I think the other person and I were saying the same thing, but with different terms. At least, I hope so. OP here and yes those dates/school years correspond to what I used for my son. Sent from my Z988 using Tapatalk Quote Link to comment Share on other sites More sharing options...
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