Item 2023	IRS	Form	1040	(or	1040-NR)
AGI Line	11
Income	earned	from	work* Line	1z	+	Schedule	1:	Lines	3	+	6
U.S.	income	tax	paid Line	24
Untaxed	portions	of	IRA	distributions	(excluding	rollovers) Lines	4a	minus	4b
Untaxed	portions	of	pensions	(excluding	rollovers) L ines	5a	minus	5b
IRA	deductions	and	payments Schedule	1:	Lines	16	+	2 0
Tax	exempt	interest	income Line	2a
Education	credits Line	29	+	Schedule	3:	Line	3
Foreign	income	exempt	from	federal	taxation Schedule 	1:	Line	8d
*Note:	Negative	values	should	be	set	to	zero	when	calculating	Income	Earned	from	Work.	For	example,	if	IRS	Form	1040,
line	1z	is	$50,000	and	Schedule	1,	line	3	is	-$10,000,	the	income	earned	from	work	value	should	be	$50,000.
Using	the	Tax	Transcript
If	applicants	or	contributors	are	unable	to	transfer	data	via	the	FA-DDX,	the	student,	spouse,	and/or	parents,	as
applicable,	can	use	an	IRS	tax	return	transcript	to	document	information	from	the	tax	return.	Before	requesting	a
transcript,	they	should	allow	enough	time	to	pass	after	filing	the	return;	it	takes	the	IRS	two	to	four	weeks	to	process
returns	filed	electronically	and	six	to	eight	weeks	for	mailed	returns.	Tax	transcripts	submitted	to	your	school	for
verification	do	not	need	to	be	signed	by	the	tax	filer	(but	it	is	encouraged)	unless	you	have	reason	to	doubt	their
authenticity.
There	are	a	few	ways	to	request	a	tax	return	transcript.	The	IRS	provides	instructions	on	all	options	at
www.irs.gov/individuals/get-transcript.	Per	the	IRS,	the	fastest	and	easiest	way	is	to	access	personal	tax	records	online,
which	allows	the	tax	filer	to	get	a	real-time,	electronic	transcript.	Tax	filers	who	opt	to	request	transcripts	by	mail	or
phone	will	receive	a	mailed	transcript	in	return.	Schools	can	accept	and	copy	transcripts	originally	obtained	from	the	IRS.
The	IRS9s	Income	Verification	Express	Service	(IVES)	allows	a	third	party	to	request	and	receive	a	tax	filer9s	transcript.	The
IVES	participant	submits	a	4506-C	form,	signed	by	the	tax	filer,	and	receives	the	transcript	from	the	IRS,	which	charges	a
small	fee	for	the	service.	Schools	may	apply	to	participate	in	IVES.	They	may	also	use	a	transcript	from	another	IVES
participant	(which	is	not	considered	a	third-party	servicer	in	this	case)	for	verification	if	they	have	no	reason	to	doubt	its
authenticity.	Schools	may	not	pass	on	the	charge	for	using	this	service	to	the	student.
To	combat	identity	theft,	the	IRS	masks	much	of	the	personally	identifiable	information	on	the	transcript.	For	example,
only	the	last	four	digits	of	any	SSN	or	account	or	telephone	number	are	displayed.	When	requesting	a	transcript,
taxpayers	will	be	prompted	to	create	a	<customer	file	number=	which	appears	on	a	requested	transcript	to	help	facilitate
identification.	This	can	be	something	like	a	student9s	college	ID	number	or	some	other	number	(but	not	an	SSN).	See	the
October	4,	2018,	announcement	and	the	IRS	news	release	for	more	information.
Each	year	the	Department	provides	a	tax	return	transcript	matrix	to	assist	schools	with	reviewing	tax	data.	Specifically,
the	tax	return	transcript	matrix	consists	of	a	chart	of	the	FAFSA	and	ISIR	tax	items	used	for	verification	and	their
corresponding	line	items	from	the	various	IRS	tax	returns	and	the	tax	transcript	for	the	appropriate	award	year.	At	the
time	the	2025-26	Application	and	Verification	Guide	was	published,	the	2023	tax	return	transcript	matrix	had	not	been
{"producer": "GPL Ghostscript 10.00.0", "creator": "wkhtmltopdf 0.12.6", "creationdate": "D:20241217172423Z00'00'", "moddate": "D:20241217172423Z00'00'", "source": "data/raw/Applications_and_Verification_Guide.pdf", "total_pages": 76, "page": 53, "page_label": "54", "loader_type": "pdf", "load_timestamp": "2025-07-05T11:43:14.400136"}