Great Advice for Parents 2022

PROVIDE YOUR FINANCIAL INFORMATION This step is incredibly simple if you use the IRS Data Retrieval Tool (DRT). The IRS DRT allows you to import your IRS tax information into the FAFSA form within a few clicks. Using this tool may also reduce the amount of paperwork you need to give your child’s school. So, if you’re eligible, use it! To access the tool, indicate that you’ve “already completed” taxes on the parent finances page. If you’re eligible, you’ll see an option to “Link to IRS.” 7

The IRS DRT helps pull in financial data to the FAFSA form automatically.

Next, you’ll likely need to provide your child’s financial information.

• If your child filed taxes, the easiest way to complete this section is to use the IRS DRT. However, it is important that your child is present because he or she needs to provide his or her FSA ID to use this tool. If your child is not present, save and exit the application and instruct your child to log in with his or her FSA ID, retrieve the FAFSA form using the save key, and then, use the IRS DRT to complete the FAFSA form and sign it.

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