I am filling out my FAFSA and was wondering how to calculate income tax?
Saturday, September 5th, 2009 at
2:41 pm
sweetheart4 asked:
When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2′s for another few weeks and I want to get my FAFSA done now. Help?
When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2′s for another few weeks and I want to get my FAFSA done now. Help?
Tagged with: Fafsa • Income Tax • Taxes
Filed under: Student Loans
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It’s better if you wait until you receive your W-2 but if not, just look at your last pay stub it will be there. your total wages for the year, it must be your LAST paystub of 2007. If more then one job just add them together.
make sure you use whole dollar amounts, FAFSA won’t accept cents, so round it up if needed!