Husker Hub Explains: IRS Data Retrieval Tool Troubleshooting

Husker Hub Author

02/24/2023 Added

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Husker Hub Explains how to utilize the IRS Data Retrieval Tool (DRT) when completing the Free Application for Federal Student Aid (FAFSA). We also discuss some troubleshooting tips if you run into some issues using the IRS DRT.

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[00:00:03.330]Hi, there.
[00:00:04.163]My name's Dan,
[00:00:04.996]and I'm a student services specialist in Husker Hub.
[00:00:07.320]In this Husker Hub Explains video,
[00:00:08.730]I'll be discussing solutions
[00:00:09.900]to troubleshooting the FAFSA applications
[00:00:12.210]IRS Data Retrieval Tool.
[00:00:13.860]Within the FAFSA application,
[00:00:15.210]the Data Retrieval Tool, or DRT,
[00:00:16.980]portion of the FAFSA can be accessed
[00:00:18.840]at both students' financial and parent financial pages.
[00:00:22.500]Let's take a look into the FAFSA DRT tool.
[00:00:24.980]The IRS Data Retrieval Tool allows students
[00:00:26.850]and parents who filed a US tax return
[00:00:28.680]with the IRS to access their IRS tax return information
[00:00:31.620]needed to complete the FAFSA form.
[00:00:33.330]You'll see that the parent must provide
[00:00:35.160]financial information from the parents' 2021 tax return
[00:00:38.357]for the 2023, 2024 FAFSA application.
[00:00:41.820]Within the parent tax filing status information section,
[00:00:44.520]they will select the option
[00:00:45.480]that indicates the parent's 2021 income tax return filing.
[00:00:48.480]If the parent has already completed their 2021 tax return,
[00:00:51.060]they would indicate already completed
[00:00:52.590]and then proceed to the question,
[00:00:53.640]what type of income tax return
[00:00:54.960]did that parent file for 2021?
[00:00:56.788]The 2021 tax filing status options are single,
[00:00:59.446]head of household, married-filed joint return,
[00:01:01.750]married-filed separate return, qualifying widower,
[00:01:04.650]or if they don't know, they would select as such.
[00:01:06.750]The following are some,
[00:01:07.583]but not all of the reasons that a parent,
[00:01:09.240]or a student,
[00:01:10.073]may not be able to use the Data Retrieval Tool.
[00:01:11.790]If the tax return has been amended,
[00:01:13.230]the person who is filing is not a US tax return,
[00:01:16.204]person who does not file a US tax return
[00:01:18.360]was not required to do so,
[00:01:20.220]tax filer's marital status has changed
[00:01:21.960]after December 31st, 2021,
[00:01:24.270]if the tax filer's married,
[00:01:25.560]but filed separate returns,
[00:01:26.977]the person did not indicate on the FAFSA
[00:01:29.130]that that the tax return has been completed.
[00:01:30.930]Most students and parents who filed a US tax return
[00:01:32.880]with Internal Revenue Service are eligible
[00:01:34.740]to use the IRS Data Retrieval Tool
[00:01:36.240]if they have already filed their taxes
[00:01:37.890]and admin social security number.
[00:01:39.960]Make sure that parent one and two are correctly
[00:01:42.881]identified when using the IRIS Data Retrieval Tool.
[00:01:44.580]Once within the IRS data retrieval page
[00:01:46.380]be sure to enter the information
[00:01:47.670]from the correct federal income tax return year.
[00:01:50.040]For the 2022/2023 FAFSA,
[00:01:51.807]the 2020 income tax return information is required.
[00:01:54.870]And for the 2023/2024 FAFSA,
[00:01:56.907]the 2021 income tax return information will be required.
[00:02:00.210]More facts regarding filing status can be viewed
[00:02:02.340]within the IRS DRT
[00:02:03.570]by selecting the question marked beside filing status.
[00:02:06.540]Everyone who files a federal tax return
[00:02:08.190]must determine which filing status applies to them.
[00:02:11.280]The marital status on the last day
[00:02:12.570]of the tax year determines the marital status
[00:02:14.640]for that entire year.
[00:02:15.900]Single filing status generally applies
[00:02:17.970]to anyone who has unmarried,
[00:02:19.380]divorced, or legally separated,
[00:02:21.030]according to state law.
[00:02:21.990]A married couple may have filed a joint tax return
[00:02:23.970]together that couple's filing status
[00:02:25.830]would then be married filing jointly.
[00:02:27.750]Should you not know the tax filing status
[00:02:29.310]for the applicable tax return year,
[00:02:31.020]refer to that tax return and review
[00:02:32.520]the filing status listed at the top
[00:02:34.140]of the first page of the income tax return.
[00:02:36.300]At the street address field,
[00:02:37.500]enter the address that matches
[00:02:38.790]the federal income tax return from the applicable year.
[00:02:41.730]Entering abbreviations such as St,
[00:02:43.590]Ave, Ct, Rd in the street address field
[00:02:45.930]will not impact their retrieval
[00:02:47.280]of the tax return information.
[00:02:48.870]Your current address may not be the same
[00:02:50.430]as the address that is on record
[00:02:51.780]for you via that tax return,
[00:02:53.250]so be sure it's the address
[00:02:54.300]from the applicable year's tax return.
[00:02:56.430]If you included an apartment number on your tax return,
[00:02:58.920]make sure it's included in the apartment
[00:03:00.480]field in the IRS Data Retrieval Tool.
[00:03:02.430]There are examples for street addresses
[00:03:04.020]in the street address question mark pop-up box
[00:03:06.120]that can be referenced for PO boxes
[00:03:07.770]included with street addresses.
[00:03:09.390]Once you're accurate,
[00:03:10.223]entirely submitted,
[00:03:11.056]street address, city, state, and zip code are inputted,
[00:03:13.830]it's time to select submit.
[00:03:15.270]If the information provided presents this page
[00:03:17.160]that means the IRS was able to successfully
[00:03:19.020]locate your income tax return.
[00:03:20.550]With the filers permission,
[00:03:21.570]the IRS will securely transfer their tax information
[00:03:23.940]to the US Department of Education
[00:03:25.350]to populate any applicable FAFSA questions.
[00:03:27.870]For the filers protection,
[00:03:28.950]the IRS will not present any tax information,
[00:03:31.140]will further encrypt that tax information transferred
[00:03:33.450]via the IRS DRT.
[00:03:34.740]If electing to proceed with transferring
[00:03:36.360]your tax information into the FAFSA form,
[00:03:38.082]the tax information provided
[00:03:39.870]to FAFSA will populate the answers
[00:03:41.490]to the appropriate FAFSA questions.
[00:03:43.320]After this portion's completed,
[00:03:44.820]the IRS session is going to end
[00:03:46.242]and the filing will be returned to the FAFSA form.
[00:03:49.050]Please select the transfer now box
[00:03:50.520]if you choose to transfer your information.
[00:03:52.620]Upon transferring the tax information into the FAFSA form,
[00:03:55.410]student or parent will see the confirmation message
[00:03:57.540]of a successful transfer of the tax return info.
[00:03:59.700]For protection,
[00:04:00.533]the transferred information will not be displayed
[00:04:02.220]on the FAFSA application
[00:04:03.600]and cannot be changed upon transferring.
[00:04:05.640]And should you have provided inaccurate
[00:04:07.992]information or street address details
[00:04:09.816]that don't match the applicable year's income tax return,
[00:04:11.580]this page will appear where it states
[00:04:13.200]that the IRS is unable to provide the tax return
[00:04:15.390]information based on what was reported.
[00:04:17.310]At studentaid.gov,
[00:04:18.420]you can refer to this resourceful IRS data
[00:04:20.460]retrieval tool one sheet that provides the simple steps
[00:04:22.562]to the process of utilizing the IRS DRT
[00:04:25.200]while completing the free application
[00:04:26.700]for Federal student aid.
[00:04:27.780]To learn more about the IRS Data Retrieval Tool
[00:04:29.760]please visit studentaid.gov/irsdrt.
[00:04:33.090]I hope that this video is provided you
[00:04:34.530]with both clear and concise information pertaining
[00:04:36.780]to your IRS Data Retrieval Tool experience.
[00:04:39.180]Should any questions or issues arise
[00:04:40.890]during the process of utilizing the IRIS Data Retrieval Tool
[00:04:43.339]or the FAFs application itself,
[00:04:45.090]connect with Husker Hub via
[00:04:46.260]the contact information provided here.
[00:04:48.120]Thank you very much for watching Husker Hub explains
[00:04:49.741]IRS Data Retrieval Tool troubleshooting.
[00:04:52.011]Please also explore other Husker hub explains videos
[00:04:54.750]on our Husker Hub website.
[00:04:56.190]Take care.

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Tags:
Financial Aid
FAFSA
IRS Data Retrieval Tool
IRS DRT

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Husker Hub Explains: IRS Data Retrieval Tool Troubleshooting

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