Financial Aid application question

[Anonymous]

This is my first time through this process and I'm a bit confused. The financial aid form is due in January and requires a bunch of information about tax year 2010. While it is not a requirement to file my 2010 tax form, I am required to know my 2010 taxable income, etc. I suspect I will not have all my tax statements by then in order to calculate an exact number. Is it assumed what number I use will be an estimate?

[Anonymous]

bump

[Anonymous]

It should be on your paycheck. Look at the last one of the year. It DOES need to be right- they can withhold aid if it is wrong.

[Anonymous]

But the number on my paycheck does not include deductions (charitable), etc. Sounds like I need to calculate those too. And how about mortgage interest. Just subtract all of those?

[Anonymous]

Use Turbo tax or any such program to run the numbers. As PPs suggested, use your paycheck stubs for income. You should come pretty close to the actual numbers.

[Anonymous]

The FA deadlines require you to do your taxes before you are likely to have received your W-2 for the year. Just figure out your gross income from your pay stubs and do your taxes w/TurboTax or similar.