The Free Application for Federal Student Aid (FAFSA) provides applicants with the option to link their tax information directly from the IRS website to the FAFSA form. This process is safe, secure, and may reduce the chance that the Office of Financial Aid will need to request additional documentation, including certified tax transcripts that need to be obtained directly from the IRS. Because the FAFSA uses financial information from two years prior to the academic year, most individuals will have their taxes filed by the time they can begin to complete the FAFSA and will be able to use the IRS Data Retrieval Tool immediately. In the rare case that your taxes are not yet complete and the information must be entered manually, we strongly encourage the use of the IRS Data Retrieval Tool to update this information after taxes are submitted.
More information about the IRS Data Retrieval Tool can be found at the FAFSA Help Section.
Important tips regarding the Data Retrieval Tool.
1. The tax data transferred from the IRS to the FAFSA will not be displayed to the applicant. Instead you will see the “Transferred from the IRS” in those fields. This process protects your sensitive financial information.
2. The parent who is signing the FAFSA and the student are each required to use the same unique FSA ID used to sign the FAFSA to retrieve their own IRS data.
3. The address on the FAFSA needs to match the address on the submitted tax return for the IRS Data Retrieval Tool to be successful.
4. Individuals who are filing “Married Filing Separately” or those who filed an amended return are not eligible to use the IRS Data Retrieval Tool
5. If notified that you are not eligible to use the IRS Data Retrieval Tool, you must complete the FAFSA by manually entering your income/tax information or estimates in the online application. If a tax transcript or other documentation is required, it will be listed on Banner Web.
6. Even if the actual tax figures are used on the FAFSA, we would still recommend using the IRS Data Retrieval Tool to verify the information is correct.
7. If you completed your original FAFSA using estimated tax information, you need to update your filing status from “will file” to “already completed” in order to be able to access the IRS Data Retrieval Tool.