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Financial Aid Office 19351 W. Washington St. Grayslake, IL 60030 Phone: 8475432062 Fax: 84754330629INDB (9FAAPP) 20182019 Independent Student Tax Verification Worksheet (Version B) Complete and sign

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How to fill out 2018-2019 independent student tax

01

Gather all your necessary documents, such as your W-2 forms, 1099 forms, and any other income statements.

02

Determine your filing status. As an independent student, you may be eligible to file as Head of Household if you have a qualifying dependent or as Single if you don't have any dependents.

03

Fill out Form 1040 or 1040A. Provide your personal information, income details, deductions, and credits.

04

Report any education-related expenses or credits, such as the Lifetime Learning Credit or the American Opportunity Credit.

05

Include any additional forms or schedules required for your specific situation, such as the Schedule C if you have self-employment income.

06

Double-check all the entered information for accuracy and completeness.

07

Sign and date your tax return.

08

Determine how you will file your taxes, whether electronically or by mail. Follow the appropriate instructions for submission.

Who needs 2018-2019 independent student tax?

01

Independent students who received income during the tax year and meet certain criteria need to file the 2018-2019 independent student tax. Typically, independent students are those who aren't claimed as dependents on someone else's tax return, are U.S. citizens or residents, and have an income above the filing threshold. However, it is recommended to consult the Internal Revenue Service (IRS) guidelines or a tax professional to determine your specific filing requirements.

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What is independent student tax verification?

Independent student tax verification is the process by which college students confirm their financial status and eligibility for financial aid without the need for parental information or assistance.

Who is required to file independent student tax verification?

Students who meet specific criteria outlined by the college or university may be required to file independent student tax verification.

How to fill out independent student tax verification?

Students must gather their own financial information and complete the necessary forms provided by their institution.

What is the purpose of independent student tax verification?

The purpose of independent student tax verification is to ensure that students are receiving the appropriate amount of financial aid based on their individual financial circumstances.

What information must be reported on independent student tax verification?

Information such as income, assets, and other financial details specific to the student must be reported on independent student tax verification forms.

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