How to Answer FAFSA Question #88-89: Parents Income Information

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If your answer to question 59 was “Unmarried and both parents living together,” contact 1-800-433-3243 for assistance with answering questions 80-94.

Questions 88 and 89 ask about earnings (wages, salaries, tips, etc.) in 2017. Answer the questions whether or not a tax return was filed. This information may be on the W-2 forms or on the tax return selected in question 81: IRS Form 1040—lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); 1040A—line 7; or 1040EZ—line 1. If any individual earning item is negative, do not include that item in your calculation. Report the information for the parent listed in questions 61-64 in question 88 and the information for the parent listed in questions 65-68 in question 89.

88.  How much did Parent 1 (father/mother/stepparent) earn from working in 2017?
  • $__ , __ __ __ , __ __ __

89.  How much did Parent 2 (father/mother/stepparent) earn from working in 2017?

  • $__ , __ __ __ , __ __ __

Why are they asking this information?

This set of questions asks your parent / parents to determine your parent’s / parents’ overall earnings and income for the year. This would include, but is not limited to their wage earnings.

How to answer this question / fill out this section

For either tax return, use the following to impute their earnings:

  • IRS Form 1040: Use Lines 7 + 12 + 18* + Box 14 of IRS Schedule K-1 (Form 1065)
  • IRS Form 1040A: Use Line 7
  • IRS Form 1040EZ: Use Line 1

Note: If they did not file taxes, they will need to enter the figures in Boxes 1 + 8 on their W-2 statement.

Additional considerations

  • Form 1065 is an associated tax return for business owners. The Schedule K-1 tells your parent/parents how much they have earned from that business.
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Please check back shortly as we are currently updating this step-by-step guide for the 2019-2020 FAFSA.