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gdizon19063-gmai
Returning Member

Filing MFS to qualify for FAFSA Benefis

I want to know if filing MFS is a good strategy on the idea that a lower income would qualify me to receive FAFSA funds for my college bound kid?

 

The only reason I want to file MFS is my husband got a considerable bump in his income last yeat that my son who's a College sophomore didn't get awarded any Fafsa funds.

 

I was given advice that I can legally file MFS to depend solely on my income and add my son as my dependent. In that way, I can claim a lower income when filing his FAFSA. I don't want to do things illegally and I was hoping this strategy works.

 

We refinanced my home last year, so when we itemized, I was willing to give my husband all the credit for the 1098 mortgage, and I claim zero, but TT automatically picks standard deduction. So, that means my husband can't claim the 1098 credit if he files standard also. If he files itemized, I can't file itemized.

 

That's my dilemma.

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1 Reply

Filing MFS to qualify for FAFSA Benefis

You have posted about this in multiple threads and have received replies from both myself and a TT "expert" employee.

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/filing-mortgage-1098-requires-it...

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-1098/01/3192112#M307607

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1098/00/1250338

**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.**
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