Webinar: What's New & Back to Basics - Taxes and Financial Aid

What’s New and Back to Basics – Taxes and Financial Aid

Wednesday, October 7 at 10 AM

Webinar Description:

In our first webinar, we will start with a look at the changes to taxes between 2024 and 2025 and verification between 2026-2027 and 2027-2028. This will include a discussion of the new “combined adjusted gross income” and “combined income tax paid” FAFSA data elements and the Puerto Rico tax return, which is referenced with tax line numbers in the instructions for these questions. We’ll also cover the changes to the non-filer foreign tax
filer questions and how this may change the workflow of some FAFSA file reviews.

Next, we will go back to basics and look at each FAFSA question that is derived from the tax return, finding it on the 2025’s redesigned Form 1040 and applicable schedules. This will include an updated look at the taxable grants and scholarships question. 

Moderator: