05.15.09 | FAFSA, Other Untaxed Income
What exactly qualifies as Untaxed Income on your FAFSA (Question 95i)?
This question/category is kind of vague. Some examples shown are worker’s comp or disability, but the more illustrative list is the list of what not to include, such as student aid (including scholarships), earned income credit, tax credits for kids, welfare, Social Security, workforce investment, combat pay, flex saving plans, foreign income, and most other tax credits like special fuels. Chances are most people don’t have anything to add here – if you think your parents might, you’ll want to consult a qualified financial planner with them.
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