this is the total amount of irs form 1040—line 22 minus schedule 2—line 2. if negative, enter a zero here.

get this is the total amount of irs form 1040—line 22 minus schedule 2—line 2. if negative, enter a zero here. from EN Bilgi.

How to find Income Tax for FAFSA 2020?

Hello all! Im using my parents 2020 joint filed 1040 form, but it doesn’t have a schedule 2? Fafsa is asking: “minus IRS form 1040-line 22 from schedule 2 line

Isuckatmath_help New Member posted

‎October 27, 2021 6:01 PM

last updated ‎October 27, 2021 6:01 PM

How to find Income Tax for FAFSA 2020?

Hello all! Im using my parents 2020 joint filed 1040 form, but it doesn’t have a schedule 2? Fafsa is asking: “minus IRS form 1040-line 22 from schedule 2 line 2.”

I’m very confused. My brother says since we live in Texas and there’s no Income Tax, I should put 0?

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0 6 7,199 Reply 6 Replies Critter-3 Level 15

‎October 27, 2021 6:21 PM

If you don't have a Sch 2 then you don't have anything to subtract ... it is just that simple.  So X minus nothing still  = X

0 5,826 Reply xmasbaby0 Level 15

‎October 27, 2021 6:25 PM

There are three possible schedules that can be part of a Form 1040---but some people do not have any of them; some may have only one or two, some might need all three, depending on the information you entered when you filed the return.   It is possible that you do not have a Schedule 2.   Here is what one looks like----do you have one in the pdf of your return?

https://www.irs.gov/pub/irs-pdf/f1040s2.pdf

Schedule 2--Line 2 --- which is what you say FAFSA is asking about --- pertains to health insurance.   It has nothing at all to do with living in Texas.    Did your parents have Obamacare insurance---Marketplace insurance--for which they got a premium tax credit?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

0 5,825 Reply rjs Level 15

‎October 27, 2021 7:00 PM

@Isuckatmath_help wrote:

My brother says since we live in Texas and there’s no Income Tax, I should put 0?

No. The FAFSA is asking about the federal tax return, not a state tax return.

0 5,812 Reply Hal_Al Level 15

‎October 28, 2021 4:08 AM

Yes, you should use 0 for the  1040-line 22 amount from schedule 2 line 2. But not because you live in TX. It's because your parent's  Schedule 2, line 2, is effectively 0, because they did not have a Schedule 2.

1 1 5,793 Reply Critter-3 Level 15

‎October 28, 2021 5:38 AM

The FASFA application asks for a lot of things most returns DON'T have so don't get hung up on these lines ... if your parent's  return does not have what it is asking for then enter a zero if the app will not let you skip that line completely.

0 5,789 Reply rjs Level 15

‎October 28, 2021 7:50 AM

We need to clarify what we mean by "entering zero." Here is the question on the FAFSA that you asked about.

"85. Enter your parents’ income tax for 2020. Income tax amount is the total of IRS Form 1040—line 22 minus Schedule 2—line 2. If negative, enter a zero here."

It is not asking you to enter the amount on Schedule 2 line 2. It's asking you to enter the amount of income tax, which it defines as Form 1040 line 22 minus Schedule 2 line 2. So if there is no Schedule 2, then Schedule 2 line 2 is zero and you just enter the amount from Form 1040 line 22. But Schedule 2 line 2 being zero, or not having Schedule 2, does not mean you can enter zero as the answer for the question on the FAFSA. You have to enter the amount from Form 1040 line 22. You would only enter zero on the FAFSA if Form 1040 line 22 happens to be zero.

This has nothing to do with what state you are in. You are taking information from the federal tax return.

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How to Answer FAFSA Question #85: Parents Income Tax

Understand question 85 on your FAFSA and how to correctly fill with information on how much your parent or parents’ paid in income taxes for the previous year.

How to Answer FAFSA Question #85: Parents Income Tax

FAFSA Question #85

Parents Income Tax Paper Version Online Version

For questions 84–92, if the answer is zero or the question does not apply, enter 0. Report whole dollar amounts with no cents.85.  Enter your parents’ income tax for 2020. Income tax amount is the total of IRS Form 1040---line 22 minus Schedule 2---line 2. If negative, enter a zero here.

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Application Deadline: June 30, 2022

Why are they asking this information?

This question asks how much your parent/parents had paid in income taxes for the previous year.

Where to find income tax on 1040

Depending on which form they used to file their tax return, here is where they can find where these figures are located within the form:

IRS Form 1040: Subtract line 46 from line 56 and enter the total

IRS Form 1040A: Subtract line 36 from line 28 and enter the total

IRS Form 1040EZ: Use Line 10

QUESTION 84 QUESTIONS 86-87

Choose the FAFSA Questions You Would Like Help With:

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Step 4: Parent Information

Questions #58-59: Parent's Marital Status

Questions #60-68: Parent's Social Security Information

Question #69-73: Parent's Residency Status & Household Occupants Attending College

Questions #74-78: Paternal Federal Benefit Status

Question #79: Parents Income Tax Return

Questions #80-81: Parent's Income Tax Return Information

Question #82: Parent’s Eligibility for Schedule 1 (Form 1040)

Question #83: Dislocated Worker

Question #84: Parents Adjusted Gross Income

Question #85: Parents Income Tax

Questions #86-87: Parents Income Information

Question #88: Parents Total Balance of Cash

Question #89: Parent's Investments

Question #90: Parents Current Businesses

Question #91: Parents Additional Financial Information

Question #92: Parents Untaxed Income

Step 1: Student Information Step 2:

Student Financial Information

Step 3: Student Status Step 5:

Student Household Information

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What was your parents' total income tax for 2019?

If the answer to this question isn’t prefilled with "Transferred from the IRS," enter your parents’ total tax amount for 2019.

What was your parents' total income tax for 2019?

This is question 85 on the Free Application for Federal Student Aid (FAFSA®) PDF.

The answer to this question may be prefilled with "Transferred from the IRS."

This question can’t be left blank unless your parents won’t file a tax return.

If the answer to this question isn’t prefilled, enter your parents’ total tax amount for 2019.

Income tax paid is the total amount of IRS Form 1040-line 14 minus Schedule 2-line 2.

See the images below that show you where to find Form 1040-line 14 and Schedule 2-line 2.

If your parents filed separate tax returns, subtract line 2 of Schedule 2 from line 14 of IRS Form 1040 on both tax returns, add those two figures together, and enter the result.If one or both parents will file a federal tax return, but haven’t yet filed, estimate the amount that will appear in the lines noted above.

If you’re reporting information for both parents and one parent filed a federal tax return, but the other parent didn’t, use the line numbers from the tax return your parent filed. If neither of your parents will file a federal tax return, enter zero.

Note: The line numbers above are from the IRS tax form, not from the W-2 form.

If your parents’ total income tax for 2019 is

Enter Ten million or more 9999999 Zero 0 A negative number 0

Round to the nearest dollar. Don’t include commas or decimal points. If your parents’ income tax amount is a negative number, enter zero.

Note: Income tax isn’t income. It’s the amount of tax that your parents paid on the income that they earned from work. The amount you enter for your parents’ income tax amount shouldn’t be the same as their adjusted gross income.

Related Topic

How to Answer the Parent Financial Questions When Parent Marital Status Changed After 2019

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