To allow families in need of financial aid to complete their FAFSA sooner, the financial information from the previous year's return is used. For the 2019-20 academic year, students and their families will use their financial information from the 2018 tax return to complete the FAFSA.
In TaxAct, if you import your 2018 return to your 2019 return, this information will be imported into your FAFSA Tax Summary Worksheet.
To access the College Student Financial Aid Report (the worksheet with the tax information needed to fill out the FAFSA online application), follow the steps below.