What is the income limit for FAFSA?

Answer There is no income limit for receiving financial aid. The formula is based on various factors including income, assets, and the number of people (other children) classified as dependents. FAFSA re... Read More »

Top Q&A For: What is the income limit for FAFSA

Is the Roth IRA income limit the gross or the taxable income?

The Roth IRA income limit uses your modified adjusted gross income (MAGI). Your MAGI equals your adjusted gross income plus several adjustments you may have claimed--including traditional IRA contr... Read More »

Is there an income limit for Kansas state income tax?

A taxpayer who makes more than $5,250 a year must file a Kansas state income tax return if he is single or married filing separately and under 65. If married and filing jointly and under 65, the i... Read More »

What Counts As FAFSA Income?

The Free Application for Federal Student Aid (FAFSA) looks at a student's available assets and determines the amount of money that student is qualified to receive to help pay for college. It is imp... Read More »

Maximum Income for FAFSA?

Technically, your parents could be millionaires and you might still receive significant amounts of financial aid. While income plays an important role in federal student aid it is not the sole dete... Read More »