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 2020-21 academic year, students and their families will use their financial information from the 2019 tax return to complete the FAFSA.
In TaxAct, if you import your 2019 return to your 2020 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)in TaxAct:
The FAFSA online application can be completed with the information you have in the printed report from TaxAct. For specific questions regarding FAFSA, call the Federal Student Aid Information Center at 1-800-433-3243.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.