EFC Essentials: Calculating EFC, Upco…
https://www.road2college.com/how-fafsa-calculates-efc/
You can use these guidelines to determine the student income: Taxable income up to $7,040 (income protection allowance) Add non-taxable income (such as 401(k) contributions) Subtract what your child paid for taxes and Social Security Calculate the above for the total student income to report on the FAFSA Taxable income up to $7,040 ( income protection allowance) Add non-taxable income (such as 401 (k) contributions)
Taxable income up to $7,040 (income protection allowance)
Add non-taxable income (such as 401(k) contributions)
Subtract what your child paid for taxes and Social Security
Calculate the above for the total student income to report on the FAFSA
Taxable income up to $7,040 ( income protection allowance)
Add non-taxable income (such as 401 (k) contributions)
DA: 25 PA: 12 MOZ Rank: 50