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When filling out financial aid applications, students and families may need to get tax information to complete the Free Application for Federal Student Aid form. The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA Form. This tool is the fastest, most accurate way to input tax return information into the FAFSA form.
- Applicants filing a 2019-20 FAFSA must use data from their 2017 tax returns.
- Taxpayers should always keep a copy of their tax return. Whether they keep it electronically or on paper, they should keep it in a secure place.
Tax preparers and IRS urges all employees, including those with other sources of income, to perform a Paycheck Checkup now. Doing a checkup will help employees make sure their employers are withholding the right amount of tax from their paychecks. Doing so now will help avoid an unexpected year-end tax bill and possibly a penalty.
The easiest way to a Paycheck Checkup is to use the Withholding Calculator on IRS.gov. Taxpayers can use the results from the Calculator to help fill out the Form W-4 and adjust their income tax withholding with their employer. Taxpayers who receive pension income can use the results from the calculator to complete a Form W-4P and give it to their payer.