FAFSA and Tax Extensions

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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Bikeflip
Posts: 1833
Joined: Fri Jul 11, 2008 3:01 pm

FAFSA and Tax Extensions

Postby Bikeflip » Tue Feb 16, 2010 3:47 pm

I'm abroad, and AFAIK, FAFSA needs me to file taxes. I will not be able to file taxes until July, as I am trying to get a full yr under my belt to qualify for foreign tax exemption. By doing so, legally, I am saving myself a few hundred in taxes. What I am wondering is if I wait that long to file, what will happen to my FAFSA?

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ec2xs
Posts: 346
Joined: Tue Dec 01, 2009 12:05 am

Re: FAFSA and Tax Extensions

Postby ec2xs » Tue Feb 16, 2010 3:48 pm

Bikeflip wrote:I'm abroad, and AFAIK, FAFSA needs me to file taxes. I will not be able to file taxes until July, as I am trying to get a full yr under my belt to qualify for foreign tax exemption. By doing so, legally, I am saving myself a few hundred in taxes. What I am wondering is if I wait that long to file, what will happen to my FAFSA?

You can file a FAFSA without having filed your taxes, if that helps. There is an estimation calculator for your AGI/taxes.




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