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Irs Form 1040a Tax Table

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Irs Form 1040a Tax Table Powered By Docstoc
					   Welcome to Financial Aid
   Services FAFSA tutorial
• To begin this session, press the
  F5 key
• Then click here.
Free Application for Federal
       Student Aid
           2002/2003
          Instructions
     Fill Out the FAFSA
                 Instructions
• To move through this presentation, use the blue
  “Previous” link to go back or blue “Next” link to
  go forward.
• To get more information on a question, click the
  blue “Help” link. To return back to the FAFSA
  from the help window, click on “Return”.
• When you are finished, use the Escape button on
  the keyboard. Then click File drop down and
  select Exit.                              Next
        2002/2003 FAFSA
1-3. Your full legal name Help
4-7. Permanent Address Help
8. Social Security Number Help
9. Date of Birth
10. Telephone Number
    Previous                Next
          Help: Questions 1-8
1-3 Name: Do not use nicknames. For example, if
   your name is Robert but your called “Bob” list
   Robert. Enter your name as it appears on your
   social security card.
4-7 Address: Use an address where you know you
   can always receive mail.
8. Social Security Number: Make sure this number
   matches your social security card.
                                     Return
            2002/2003 FAFSA
11. Driver’s License Number
12. Driver’s License State
13. Citizenship
 a. US Citizen              Help
 b. Eligible Non-Citizen    Help
 c. None of the Above       Help
 Previous                     Next
           Help Question 13
A. US Citizen: You are a citizen if, you were
   born in the United States or hold any of
   the following documentation: Certificate
   of citizenship, Certificate of
   Naturalization, Certificate of Birth
   Abroad,Report of Birth Abroad, or US
   Passport.
B.
     Return
           Help: Question 13
13. Citizenship: Do not leave this question
  blank. If you are an eligible non-citizen,
  write your 8 or 9 digit alien registration
  number (A number). You may be asked
  you prove your status by submitting a copy
  of your I-155, I-155C, or I-94 marked
  Refugee, Asylum Granted, Indefinite
  Parole, Humanitarian Parole, or
  Cuban/Haitian Entrant.                  Return
           Help Question 13
C. Not a citizen or eligible non-citizen: If you
  do not qualify as a citizen or eligible non-
  citizen, you are not eligible for federal aid,
  Commonwealth of Massachusetts aid, or
  UMass Boston aid.

                                         Return
        2002/2003 FAFSA

14. Alien Registration Number
15. Current Marital Status
16. Date Married, Separated,
 Divorced or Widowed
 Previous                 Next
           2002/2003 FAFSA
17-21. Enrollment–Answer:
  18. Fall 2002   20. Spring 2003          Help
Full time = 12 Credits/Credit Equivalencies for
  CPCS
¾ time = 9-11 Credits/ Credit Equivalencies for
  CPCS
½ time = 6-8 Credits/ Credit Equivalencies for CPCS
5 and under = less than ½ time
       Previous                              Next
      Help Questions 18 & 20
Fall 2002: September 4,2002- December 20,
  2002
Spring 2003: January 28, 2003- May 23, 2003



                                    Return
           2002/2003 FAFSA

22. Father’s Education
23. Mother’s Education
24. Legal Resident State     Help
25. Resident by January 1, 1997
Previous                     Next
           Help Question 24
24. Legal Residence: Massachusetts
  residents, do not leave this question blank.
  Your response to this question will be
  forwarded to the Massachusetts Office of
  Student Financial Assistance to be used in
  determining your eligibility for state grant
  funds.
                                          Return
        2002/2003 FAFSA

26. If 25 “No”, Date of Residency
27. Are You Male?
28. Do You Want To Register
 With the Selective Service? Help
 Previous                  Next
           Help Question 28
Selective Service Registration: If you are a
  male who is not yet old enough to register
  with the Selective Service Administration,
  the US Department of Education will hold
  your information until the proper time for
  you to register. If you are already old
  enough, you can also register online by
  visiting www.sss.gov.              Return
            2002/2003 FAFSA
29. Degree:
 1st Bachelor’s Degree = 1
 2nd Bachelor’s Degree = 2
 Certificate = 6
 Graduate = 8
 Previous                     Next
      2002/2003 FAFSA
       Question 30. Help
0. 1st Year    4. Senior
1. Returning   5. 5th Year
   Freshman      Undergraduate
               6. 1st Year Grad
2. Sophomore
               7. Continuing
3. Junior        Graduate
4. Previous      Next
                                 Help Question 30
Please select your grade level according to the chart below. Use the total number of completed credits/competencies you
     will have by the Fall 2002 semester.


      Description                      Credits     Comps       FAFSA Code
                                                   (CPCS)
      1st year/never attended before   0           0           0

      1st year/attended before         1-19        1-12        1

      2nd year/sophomore               20-49       13-25       2

      3rd year/junior                  50-79       26-38       3

      4th year/senior                  80+         39+         4

      5th year undergrad               80+         39+         5
                                                                                                            Return
      1st year graduate                0           0           6

      Continuing graduate              1           1           7
        2002/2003 FAFSA
31. High School Diploma/GED
 before Fall 2002
32. 1st BA before July 1, 2002Help
33. Loans
34. Work-Study
 Previous                   Next
           Help Question 32
1st BA before July 1, 2002: Improperly
  answering this question or leaving it blank,
  could limit your grant eligibility.




                                   Return
       2002/2003 FAFSA

35. Drug Conviction
 Do not leave this
 question blank !
  Previous               Next
        2002/2003 FAFSA
36. Have you completed your 2001
 tax return?             Help
 If you will not file, skip to question
 42.
37. Which income tax return did/will
 you file?
    Previous                     Next
            Help Question 36
Tax Information: Do not wait until after you have
  filed your 2001 income taxes to fill out the
  FAFSA. Priority financial aid goes to those who
  file by March 1, 2002. If your income is about the
  same as last year, use your 2000 federal returns to
  estimate this year. If you have your W-2(s) for
  2001, use this table to estimate your taxes. If you
  estimate on the FAFSA, you will need to make
  corrections after you have filed your taxes.
  Return
   38. Eligible to file 1040A/1040EZ?
   You must meet all of the following:
• Make less than     • Don’t receive
  $50,000              alimony
• Don’t itemize      • Not required to
  deductions           file a schedule
• Income isn’t         D for capital
  from own             gains
  business/farm        Next
Previous
   39. Student & Spouse AGI

• IRS Form 1040 = line 33
• IRS Form 1040A= line 19
• IRS Form 1040EZ = line 4
• Telefile = line I
 Previous                    Next
 40. Student & Spouse tax paid
             Help

• IRS Form 1040 = line 47 + 52
• IRS Form 1040A= line 30 + 34
• IRS Form 1040EZ = line 11
• Telefile = line K(2)
 Previous                 Next
          Help Question 40
Tax Paid: The amount of tax paid is not the
  witholding, not the number on your last
  paycheck of the 2001 year or the amount on
  your W-2. To estimate the tax you must
  pay based on your income please look up
  the information using the chart.

                                 Return
       2002/2003 FAFSA

41. Student & spouse exemptionsHelp

42. Student’s income from work

43. Spouse’s income from work

    Previous                 Next
          Help Question 41-43
41. Exemptions: On 1040 or 1040A = line 6d. On
  1040EZ if you answered Question 5 Yes, use
  worksheet line F, if No then enter 1 for single, 2 if
  married. Telefile= line J(2).
42. Student Income: Box 1 on your 2001 W2 form or
  the gross year to date (YTD) amount on your
  December 31, 2001 paycheck stub.
43.Spouse Income: Box 1 on your spouse’s 2001 W2
  form or the gross year to date (YTD) amount on
  your spouse’s December 31, 2001 paycheck stub.
                                              Return
         44. Worksheet A

• Earned Income Credit
  – IRS form 1040 = line 61a
  – IRS form 1040A = line 39a
  – IRS form 1040EZ = line 9a
  – Telefile = line L(2)
     Previous                   Next
  44. Worksheet A (continued)
• Child tax credit (1040 line 63: 1040A
  line 40)
• Welfare benefits, TANF; do NOT
  include food stamps
• Untaxed social security benefits
  Previous                          Next
            45.Worksheet B
• Tax deferred          • IRS 1040A line 16
  pension/saving plan   • Child support received
• Payments self           Help
  employed, SEP,        • Foreign income
  SIMPLE, Keogh           exclusion
• IRS 1040 lines 23 &   • Special fuels credit
  29                    • Allowances paid to
• IRS form 1040 or        military or clergy
  1040A line 8B                             Next
Previous
          Help Worksheet B
45. Child Support Received: List the amount
  of actual monies received, not the the
  amount of the order for support.




                                      Return
  45. Worksheet B (continued)
• Veterans non-educational benefits
 Help
• Other untaxed income or benefits
  not reported elsewhere on this form
• Cash received or money paid on
  your behalf Help
 Previous                      Next
            Help Question 45
Veterans non-educational benefits: List any benefit
  received any branch of the US Armed Forces that
  is not an educational benefit. Such as disability,
  death pension, or dependency indemnity
  compensation (DIC)
Cash received/Money paid on your behalf: List the
  amount of any of your bills paid by someone else
  or money given to you for living expenses.
                                              Return
          46. Worksheet C
• Education Credits- • Taxable work-study
  IRS Form 1040 line   income Help
  46; Form 1040A     • Grant, scholarship,
  line 29              or fellowship
                       money that was
• Child support paid   reported to IRS as
                       part of AGI
Previous                              Next
          Help Question 46
Taxable Work-Study: List the amount you
  earned in the Federal Work-Study program.
  If you worked on campus, but not as a
  work-study employee, do not list that
  amount.

                                    Return
        2002/2003 FAFSA
47. Net worth of your (and your
  spouse’s) investments            Help
48. Net worth of your (and your
  spouse’s) business or investment farm
49. Balance of cash, savings, checking
  accounts
  Previous                         Next
           Help Question 47
Home as investment: Do not list your primary
 residence as an investment. If you own a
 multifamily property, list the value of the
 residences that you do not inhabit. For
 example if you own a $150,000 3 family
 house, living on one floor while renting out
 the other two, your investment would be
 $100,000.                              Return
        2002/2003 FAFSA
50. From July 1, 2002- June 30,
 2003, how many months will you
 receive veterans educational
 benefits?
51. Monthly amount of veterans
 educational benefits.
 Previous                  Next
        2002/2003 FAFSA
52. Were you born before January 1,
  1979?
53. Are you in a Master’s or Doctoral
  program in the 2002/2003 year?
54. As of today, are you married? Help

 Previous                         Next
           Help Question 54
54. Married as of today: As of today on the
  FAFSA means day you will file the form.
  Do not estimate or project




                                      Return
         2002/2003 FAFSA
55. Do you have children who get more than
  half of their support from you?
56. Do you have dependents other than
  children or your spouse who get more than
  half of their support from you now through
  June 30, 2003?
  Previous                        Next
           2002/2003 FAFSA
57. Are you an orphan or ward of the
  court or were you until the age of 18?
58.Are you a veteran of the United States
  Armed Forces?
If you answered No to all questions 52-58, you must
   provide parental information for questions 59-83.
   If you answered Yes to any question in Step Three
   skip to Question 84.
   Previous                                  Next
        2002/2003 FAFSA
59. What is your parents’ marital
 status as of today? Help
60. Father’s/stepfather’s social
 security number
61. Father’s/stepfather’s last name
 Previous                      Next
           Help Question 59
59. Parents’ marital status: If your biological
  parents have divorced and custodial parent
  has remarried, you must include your step-
  parent information on the FAFSA.



                                        Return
           2002/2003 FAFSA
62.Mother’s/stepmother’s social security
  number
63. Mother’s/stepmother’s last name
64. Parent’s household size: Count yourself (even if
  you don’t live with parents), your parent(s),
  anyone who receives half their support from your
  parents from July 1, 2002-June 30, 2003.
  Previous                                   Next
           2002/2003 FAFSA
65. Excluding your parents, how many
  people counted in question 64 will be
  at least half-time degree seeking
  students?
66. What is your parent’s legal state of
  residence? This information is forwarded to
  the State to grant determine eligibility. Do not
  leave blank.
  Previous                                     Next
        2002/2003 FAFSA
67. Were your parents legal
 residence of that state before
 January 1, 1997?
68. If your answered 67 “No” when
 did you parents become residents
 of the state?
 Previous                    Next
        2002/2003 FAFSA
69. How old is your older parent?
70. Have your parents completed their
  2001 IRS income tax form?
71. What income tax did you parents file,
  or will file for 2001? Help

    Previous                      Next
            Help Question 71
Tax Information: Do not wait until after your
  parent(s) have filed 2001 income taxes to fill out
  the FAFSA. Priority financial aid goes to those
  who file the FAFSA by March 1, 2002. If your
  parent(s) income is about the same as last year,
  use 2000 federal returns to estimate this year. If
  your parent(s) have their W-2(s) for 2001, use this
  chart to estimate taxes. If you estimate on the
  FAFSA, you will need to make corrections after
  your parent(s) have filed taxes.
                                             Return
  72. Eligible to file 1040A/1040EZ?
  You must meet all of the following:
• Make less than    • Don’t receive
  $50,000             alimony
• Don’t itemize     • Not required to file
                      a schedule D for
  deductions          capital gains
• Income isn’t
  from own
  business/farm
Previous                             Next
            73. Parents’ AGI

• IRS Form 1040 = line 33
• IRS Form 1040A= line 19
• IRS Form 1040EZ = line 4
• Telefile = line I
 Previous                      Next
   74. Parent’s tax paid   Help

• IRS Form 1040 = line 47 + 52
• IRS Form 1040A= line 30 + 34
• IRS Form 1040EZ = line 11
• Telefile = line K(2)
 Previous                    Next
            Help Question 74
Tax Paid: The amount of tax paid is not the the
  witholding, not the number on your parents’ last
  paycheck of the 2001 year or the amount on the
  W-2. To estimate the tax your parents’ must pay
  based on their income please look up the
  information using this chart.

                                  Return
        2002/2003 FAFSA

75. Parent’s exemptions Help

76. Father/stepfather’s income from
 work

77. Mother/stepmother’s income from
 work    Previous                 Next
          Help Question 75-77
75. Exemptions: On 1040 or 1040A = line 6d On
  1040EZ if you answered Question 5 Yes, use
  worksheet line F, if No then enter 1 for single, 2 if
  married. Telefile= line J(2).
76. Father/StepFather Income: Box 1 on 2001 W2
  form or the gross year to date (YTD) amount on
  the December 31, 2001 paycheck stub.
77.Mother StepMother Income: Box 1 on 2001 W2
  form or the gross year to date (YTD) amount on
  the December 31, 2001 paycheck stub.
                                              Return
         78. Worksheet A

• Earned Income Credit
  – IRS form 1040 = line 61a
  – IRS form 1040A = line 39a
  – IRS form 1040EZ = line 9a
  – Telefile = line L(2)
    Previous                    Next
  78. Worksheet A (continued)
• Child tax credit (1040 line 63: 1040A
  line 40)
• Welfare benefits, TANF; do NOT
  include food stamps
• Untaxed social security benefits
  Previous                          Next
           79.Worksheet B
• Tax deferred          • IRS 1040A line 16
  pension/saving plan   • Child support received
• Payments self           Help
  employed, SEP,        • Foreign income
                          exclusion
  SIMPLE, Keogh
                        • Special fuels credit
• IRS 1040 lines 23
                        • Allowances paid to
  & 29                    military or clergy
Previous                                    Next
          Help Worksheet B
79. Child Support Received: List the amount
  of actual monies received, not the the
  amount of the order for support.




                                      Return
  79. Worksheet B (continued)
• Veterans non-educational benefits
 Help
• Other untaxed income or benefits
  not reported elsewhere on this form
• Cash received or money paid on
  your behalf Help
 Previous                      Next
            Help Question 79
Veterans non-educational benefits: List any benefit
  received any branch of the US Armed Forces that
  is not an educational benefit. Such as disability,
  death pension, or dependency indemnity
  compensation (DIC)
Cash received/Money paid on your behalf: List the
  amount of any of your bills paid by someone else
  or money given to you for living expenses.
                                              Return
          80. Worksheet C
• Education Credits- • Taxable work-study
  IRS Form 1040 line   income Help
  46; Form 1040A     • Grant, scholarship,
  line 29              or fellowship
                       money that was
• Child support paid   reported to IRS as
                       part of AGI
Previous                              Next
          Help Question 80
Taxable Work-Study: List the amount your
  parent(s) earned in the Federal Work-Study
  program. If they worked on campus, but
  not as a work-study employee, do not list
  that amount.

                                     Return
            2002/2003 FAFSA
81. Net worth of your parents’ current
  investments Help
82. Net worth of your parents’ business
  or investment farm
83. Balance of your parents’ cash,
  savings, checking accounts
 Previous                         Next
           Help Question 81
Home as investment: Do not list your parents’
 primary residence as an investment. If they
 own a multifamily property, list the value of
 the residences that they do not inhabit. For
 example if they own a $150,000 3 family
 house, living on one floor while renting out
 the other two, the investment would be
 $100,000.                             Return
         2002/2003 FAFSA
84. Your household size: Count yourself,
  your spouse, and anyone who will receive
  half their support from you or your spouse
  from July 1, 2002-June 30, 2003.
85. How many people counted in question 84
  will be at least half-time degree seeking
  students in the 2002/2003 academic year?
      Previous                          Next
       2002/2003 FAFSA
86-96 List the federal school codes
 and your housing plans for up to
 six schools that you are interested
 in receiving financial aid from. Help
Federal school code for UMass
 Boston is 002222
 Previous                       Next
       Help Questions 86-96
Housing Plans: Don’t leave housing blank.
 Your housing plans affect your cost of
 attendance. Leaving housing plans blank
 could reduce eligibility for aid.

                                     Return
        2002/2003 FAFSA
Please read the paragraph labeled
  Step Seven before signing the
  FAFSA
98. Date the FAFSA was completed.
99. Student signature and parent
  signature if parental data was required.
  Previous                           Next
          What Happens Next
File your application by: mailing it in the envelope
  provided in the application or by going to FAFSA
  on the Web and entering the information.
Once the US Department of Education processes
  your application you will be mailed a green
  Student Aid Report (SAR) and your information
  will be electronically released to all the schools
  you listed on your application. Please read your
  SAR carefully to insure that all the information
  appears according to your application.
  Previous                                      Next
           Contact Information
UMass Boston Financial Aid Services:
617.287.6300 or finaid@umb.edu
Federal Student Aid Information Center:
800.433.3243
When you are finished, use the Escape button on the
  keyboard. Then click File drop down and select
  Exit.

Previous

				
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Description: Irs Form 1040a Tax Table document sample