IRS Data Retrieval TIPS
- IRS Data Retrieval Tool will be available on February 2nd
- The IRS will begin processing most tax returns on January 31.
- The option to link your federal tax return to your FAFSA is available 2-8 weeks after filing, depending whether you filed electronically or on paper.
- The information entered on the IRS site needs to match identically to what information is listed on the federal tax return.
Although the FAFSA may be filed any time after January 1st, we suggest you file your FAFSA after you have filed your Federal taxes in order to take advantage of the IRS Retrieval Tool. If estimated 2014 income and tax information was used when you first submitted the FAFSA, you should update your information once you have filed your taxes using the IRS Data Retrieval Tool. By doing so, you will potentially reduce the need for future corrections and will limit additional requirements requested by our office.
A guided video can be seen at http://www.youtube.com/watch?v=D4PIhZd9MU0 on how to complete the FAFSA.