wages	and	business	and	farm	income)	only.	This	may	be	the	same	number	as	your	AGI.
Fiscal	Year	Tax	Returns
For	a	fiscal	year	(rather	than	calendar	year)	tax	return,	the	individual	should	use	information	from	the	return	that	includes
the	greater	length	of	time	in	2023.	For	example,	an	individual	who	files	a	fiscal	year	tax	return	that	begins	in	September
would	have	two	tax	returns	that	overlap	the	2023	calendar	year	3	September	1,	2022,	thru	August	31,	2023,	(FY23)	and
September	1,	2023,	thru	August	31,	2024,	(FY24).	Since	the	FY23	tax	return	covers	8	months	of	the	2023	calendar	year
and	the	FY24	tax	return	covers	4	months	of	the	2023	calendar	year,	the	individual	should	use	the	FY23	tax	return	that
begins	on	September	1,	2022,	to	complete	the	FAFSA	form.
Note:	There	are	more	days	in	the	year	between	July	1	and	December	31	(184	days)	than	between	January	1	and	June	30
(181,	or	182	in	a	leap	year).	Keep	that	in	mind	when	determining	the	length	of	time	attributed	to	a	fiscal	year	tax	return
that	begins	on	July	1.
Student	2023	Tax	Return	Information	(20)
For	U.S.	tax	filers,	much	of	the	information	in	Question	20	will	be	transferred	directly	from	the	IRS	via	the	FA-DDX.
However,	as	noted	previously,	there	will	be	instances	where	manual	entry	of	tax	information	will	be	necessary.
This	information	comes	directly	from	the	2023	federal	tax	return	of	the	student9s	(and	the	student9s	spouse,	if	married
and	filed	jointly	with	their	current	spouse).	Non-tax	filers	will	not	be	required	to	provide	this	information.	The	first	list
below	is	data	elements	that	will	transfer	via	the	FA-DDX,	if	available.	The	second	list	is	data	elements	that	the	student
must	enter	manually.
FA-DDX	Transferred	Data
Filing	status.	Single,	head	of	household,	married	filing	jointly,	married	filing	separately,	or	qualifying	surviving
spouse.
Income	earned	from	work.	From	IRS	Form	1040	(or	IRS	Form	1040-NR):	line	1z	+	Schedule	1:	lines	3	+	6.
Tax	exempt	interest	income.	From	IRS	Form	1040:	line	2a.
Untaxed	portions	of	IRA	distributions.	The	filer	reports	the	full	amount,	including	rollovers,	of	the	untaxed
portion,	which	is	determined	from	IRS	Form	1040:	line	4a	minus	4b.	Rollover	amounts	are	manually	entered
separately	and	excluded	in	the	SAI	formula	calculation.
Untaxed	portions	of	pensions.	The	filer	reports	the	full	amount,	including	rollovers,	of	the	untaxed	portion,	which
is	determined	from	IRS	Form	1040:	line	5a	minus	5b.	Rollover	amounts	are	manually	entered	separately	and
excluded	in	the	SAI	formula	calculation.
Adjusted	gross	income.	From	IRS	Form	1040	(or	IRS	Form	1040-NR):	line	11.	Amount	can	be	negative.
Income	tax	paid.	From	IRS	Form	1040:	line	24
IRA	deductions	and	payments	to	self-employed	SEP,	SIMPLE,	and	qualified	plans.	From	IRS	Form	1040
Schedule	1:	total	of	lines	16	+	20.
Education	credits.	Includes	American	Opportunity	(AOTC)	and	Lifetime	Learning	(LLC)	credits.	From	IRS
Form	1040:	line	29	+	IRS	Form	1040	Schedule	3:	line	3.
Schedules	filed.	Did	the	tax	filer	file	a	Schedule	A,	B,	D,	E,	F,	or	H?
Net	business	profit	or	loss.	From	IRS	Form	1040	Schedule	C:	line	31.	Amount	can	be	negative.
Manually	Entered	Data/Manually	Provided	Tax-Payer	Data
IRA	rollover	into	another	IRA	or	qualified	plan.	Typically	indicated	as	"ROLLOVER"	on	IRS	Form	1040-line	4.
Pension	rollover	into	an	IRA	or	other	qualified	plan.	Typically	indicated	as	"ROLLOVER"	on	IRS	Form	1040-line
5.
Earned	income	credit	(EIC)	received.	IRS	Form	1040:	line	27.
Taxable	grants,	scholarships,	or	AmeriCorps	benefits.	This	question	is	optional.	The	student	should	report	only
the	amount	of	grants	and	scholarships	received	(by	the	student	and	the	student9s	spouse,	if	applicable)	that	was
reported	as	taxable	income	on	the	return.	This	includes	grant	and	scholarship	(not	employment)	portions	of
fellowships	and	assistantships,	as	well	as	taxable	stipends	and	employer	tuition	reimbursements.	Include	AmeriCorps