Navigating the 2024–25 FAFSA with 2022 Tax Information

The 2024–25 Free Application for Federal Student Aid (FAFSA) form requires you to provide financial information from the 2022 tax year to answer questions about your income. Here's what you need to know:

1. Required Financial Information:

  • Filing status
  • Income earned from work
  • Tax-exempt interest income
  • Untaxed portions of IRA distributions
  • Untaxed portions of pensions
  • Adjusted gross income
  • Income tax paid

2. Updating Your FAFSA:

If your income changes after filing your FAFSA, contact the school you plan to attend and document the change. Although you can't update your FAFSA with 2023 tax information, school officials may adjust your form based on your circumstances.

3. Finding Your 2022 Tax Information:

  • Filing Status: Refer to your tax return.
  • Income Earned from Work: Calculate from Line 1z plus Schedule 1: Lines 3 + 6.
  • Tax-Exempt Interest Income: Check Line 2a.
  • Untaxed Portions of IRA Distributions: Calculate from Line 4a minus 4b.
  • Untaxed Portions of Pensions: Calculate from Line 5a minus 5b.
  • Adjusted Gross Income: Refer to Line 11.
  • Income Tax Paid: Calculate from Line 22 minus Schedule 2: Line 2.

4. Using FA-DDX for Import:

Consider using the FA-DDX to import specific financial information into your FAFSA form for convenience.

5. Notifying Changes in Income: 

We recognize that unexpected events can impact your financial situation and ability to cover college expenses. If you've experienced a change in financial circumstances since submitting your Free Application for Federal Student Aid (FAFSA) or CA Dream Act Application, Ventura College is here to support you. You may be eligible to file an appeal to address these changes and ensure you receive the financial assistance you need.

Requesting and submitting an appeal for financial aid at Ventura College involves a series of steps to ensure that your appeal receives the proper review and consideration it deserves. For detailed information on the process, including eligibility criteria and required documentation, please visit our website by clicking here: Financial Aid Professional Judgement Appeals.

By understanding these steps and requirements, you can efficiently complete your FAFSA for the 2024–25 academic year and ensure that your financial aid accurately reflects your circumstances.