IRS Data retrieval

Your FAFSA and the IRS Data Retrieval Tool (DRT)

What is the IRS Data Retrieval Tool?

The U.S. Department of Education and the Internal Revenue Service (IRS) have collaborated to develop a tool that simplifies the completion of the FAFSA application. The IRS Data Retrieval Tool allows FAFSA applicants and parents to request and retrieve their tax data directly from the IRS. Once this data is retrieved from the IRS, it can be transferred to the FAFSA application.

What are the benefits of using the DRT?

Eligible applicants can complete their FAFSA more easily and accurately! The tool will increase the accuracy in awarding of student financial aid funds. Applicants selected for verification can use the tool to update their income information and avoid unnecessary processing delays or the need to submit paper copies of their tax transcripts to BGSU.

How do I know if I am eligible to use the DRT?

For 2018-2019, applicants filing an initial or renewal FAFSA on the Web application or making a correction are eligible to use the IRS Data Retrieval Tool if they meet all of the following requirements:

• Must have a valid Social Security number

• Must have filed a 2016 federal tax return

• Must have unchanged marital status since December 31, 2016

The following list represents who CANNOT use the IRS Data Retrieval Tool for 2018-2019:

• Parents with all zeroes for a Social Security number

• Any student or parent with a marital status date of January 1, 2017 or later

• Any student or parent who indicates they have not already filed a tax return and will not file a tax return

• A married independent student and spouse who filed separate tax returns

• Parents of a dependent student who filed separate tax returns

My parents and I are eligible to use the DRT. What should we do now?

1. If you or your parent(s) already used the IRS Data Retrieval Tool to report your financial aid information on your FAFSA, AND YOU DID NOT CHANGE THE FINANCIAL INFORMATION AFTER RETRIEVING IT, you or your parent(s) will not be required to submit any additional tax information unless it is requested. Monitor your MyBGSU email account for additional updates from SFA, as well as your To Do List in your MyBGSU for additional document requests.

2. If you or your parent(s) cannot or choose not to use the IRS Data Retrieval Tool, you or your parent(s) may be required to submit additional tax information to SFA as instructed on your To Do List in your MyBGSU.

3. If you or your parent(s) used the IRS Data Retrieval Tool when you filed the FAFSA and later made a change to the income data, you or your parent(s) may be required to submit additional tax information to SFA as instructed on your To Do List in your MyBGSU.

I am an independent student and am eligible to use the DRT. What should I do now?

1. If you already used the IRS Data Retrieval Tool to report your financial aid information on your FAFSA AND YOU DID NOT CHANGE THE INFORMATION AFTER RETRIEVING IT, you will not be required to submit any additional tax information unless it is requested. Monitor your BGSU email account for additional updates from SFA, as well as your To Do List in your MyBGSU for additional document requests.

2. If you cannot or choose not to use the IRS Data Retrieval Tool, you may be required to submit additional tax information to SFA as instructed on your To Do List in the Student Service Center.

3. If you used the IRS Data Retrieval Tool when you filed the FAFSA and later made a change to your income data, you may be requried to submit additional tax information to SFA as instructed on your To Do List in MyBGSU.

Questions and Answers about the IRS DRT:

https://studentaid.ed.gov/sa/about/announcements/irs-drt-unavailable