Parent Worksheets On the worksheets, your parents should
go to www.fafsa.ed.gov
and click on "Worksheets" under "Before Beginning a FAFSA"
or complete the right-hand (purple) side on page 8 of the paper FAFSA.
Question 79 - Worksheet A
Earned income credit. Enter the earned income credit from your
parents' IRS Form 1040 - line 64; 1040A - line 41; 1040EZ - line 8; Telefile
- line L.
Additional child tax credit. Report the amount from your parents'
IRS Form 1040 - line 66 or 1040A - line 42.
Welfare benefits (including Temporary Assistance for Needy Families
[TANF]). Enter the total amount of welfare benefits your parents received,
including TANF, in 2002. Report the amount they received for the
year - not monthly amounts. Do not include food stamps or subsidized
housing.
Untaxed Social Security benefits. If Social Security benefits were
paid to your parents on your behalf (because you were under 18 years old
at the time), those benefits are reported as your parents' income, not
your income.
Your parents must report benefits received on behalf of persons included
in their household size as their income. However, if a member of your
parents' household, such as an uncle or grandmother, receives benefits
in his or her own name, your parents do not report those benefits.
The actual amount of benefits received for the year in question must be
reported, even if that amount represents an underpayment or an overpayment
that may be compensated for in the next year. This parallels the IRS treatment
of overpayments of taxable income (such as salary) that must be reported
and are taxed as any other income.
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