What is the IRS Data Retrieval Tool?
Students and parents who have completed their 20xx tax return may be eligible to use the Data Retrieval Tool and transfer their tax information directly onto the FAFSA (section3 and 4).
If the student/parent is able to use the date retrieval tool it is the easiest way to provided your tax data on your FAFSA. Your tax information will be accurate (preventing extra corrections to be made). You will not have to provide a copy of your federal tax return transcript if chosen to be verified to your college.
There are some situations where an applicant will not be eligible to use the IRS Data Retrieval. These situations include but are not limited to married couples who file separate tax returns and applicants whose marital status has changed since January 1 of the processing year.