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Do you write the expected income for the coming year, after it's taxed, on the FAFSA?


For questions that ask about parents' income in the previous year, or the expected income for the upcoming year, do you write down the amount they have made/will make after their income is taxed (on their monthly paycheck), or the monthly/yearly income without consideration of how much was taken off of it from taxing?

Here's a question directly from the CSS Profile, which is much like the FAFSA: "Enter the amount of income parent 1 (as defined in PD-105) expects to earn from work in 2007." Let's say parent 1 makes $50,000.00/year but after taxes that is reduced to $40,000.00. What would be the answer to the question in such a scenerio?

wow that must be a new question. The answer for income is always before taxes...kinda sucks because that isn't the income that makes it to our pockets!
Is that a new question? I don't remember anything like that on FAFSA. I would put the income after taxes or leave it blank and e-mail them for clarification.
I just submitted my fafsa on Monday, and i dont remember a question like that. If you do have anyquestions you need to go to www.fafsa.ed.gov and print a worksheet. By filling out all this info before hand, i filed my fafsa in less than 20 minutes so if you just do that worksheet it has everything you need on it. Good Luck, i didn't get a federal pell grant!! :(
www.fafsa.ed.gov
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