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Student Untaxed Income and Benefits Worksheet  Form

Student Untaxed Income and Benefits Worksheet Form

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hey everyone i'm robin stewart coming to you from college coach and this week's tip looks at untaxed income on the profile the biggest thing to remember about untaxed income is what not to report most families tend to only have a few things in this category that should actually be reported contributions to a retirement account contributions to flexible spending accounts pre-tax contributions to their health savings accounts and child support housing allowance if you are in the clergy or military does come up as well i spoke to a family recently who thought that they had to report the health insurance premiums as untaxed income on their form because it reduced their taxable income just like the contributions to the retirement and if they had done this they would have increased their total household income which is the biggest driver of the formula to determine eligibility for need-based aid so not a good thing to do if you want to maximize eligibility finally if you have

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