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2014 – 2015 FEDERAL DIRECT PARENT PLUS LOAN INSTRUCTIONS The Direct PLUS Loan program is a non-need based, low-interest loan made to parents (including adoptive or stepparents) of dependent undergraduate
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How to fill out 2014 - 2015 federal:

01
Gather all necessary documents such as W-2 forms, 1099 forms, and any other income-related documents for the years 2014 and 2015.
02
Familiarize yourself with the relevant tax forms for those years, such as Form 1040, Form 1040A, or Form 1040EZ, depending on your filing status and income level.
03
Fill out personal information sections on the tax forms, including your full name, Social Security number, and address.
04
Report your income for the years 2014 and 2015 in the appropriate sections of the tax forms, taking into account any different income sources or changes in income during those years.
05
Deduct any eligible expenses or credits for each year, such as educational expenses, mortgage interest, or dependent care expenses, based on the IRS guidelines for the respective tax years.
06
Calculate your tax liability or refund for each year, taking into account any withholdings or estimated tax payments made during those years.
07
Double-check your math and ensure that all fields are accurately filled before signing and dating the tax forms.
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Submit your completed tax forms to the IRS by mail or electronically, depending on your preferred filing method and the available options for those tax years.

Who needs 2014 - 2015 federal:

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Individuals who had income or financial activity during the years 2014 and 2015 and are required to file federal income taxes according to the IRS guidelines.
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Self-employed individuals or business owners who need to report their income and expenses for those years, using the appropriate tax forms and schedules as required by the IRS.
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Federal Direct Parent refers to the individual who is responsible for completing the parent section of the Free Application for Federal Student Aid (FAFSA) form.
The parent or legal guardian of a dependent student is required to file as the Federal Direct Parent.
To fill out the federal direct parent section, the parent must provide their personal and financial information on the FAFSA form.
The purpose of the federal direct parent section is to determine the parent's ability to contribute to their child's education costs.
The parent must report their income, assets, and other financial information to determine their Expected Family Contribution (EFC).
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