[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-304040-105":53,"doc-detail-304040-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","tax-transcript-decoder-2021-tax-return-and-tax-transcript-data-comparison","Tax Transcript Decoder - 2021 Tax Return and Tax Transcript Data Comparison","","Tax Transcript Decoder provides a side-by-side comparison between 2021 IRS tax return line items and the corresponding items on IRS tax transcripts used for 2023-24 FAFSA verification. It explains that IRS transcript line items are identified by name rather than line number, so applicants must confirm the correct answers when verifying FAFSA data. The publication also clarifies roles of highlighted elements and summarizes specific mappings for AGI, taxes paid, education credits, IRA and pension distributions, and tax-exempt interest income.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/tax-transcript-decoder-2021-tax-return-and-tax-transcript-data-comparison/304040/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/tax-transcript-decoder-2021-tax-return-and-tax-transcript-data-comparison/304040.png","ImageObject",442,249,{"name":88,"@type":89},"Sophia Brooks","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-29","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"Why don’t IRS transcript line numbers match FAFSA instructions?","Question",{"text":108,"@type":109},"IRS transcripts identify each item by name, not by line number. FAFSA verification instructions typically reference specific line numbers on the tax form, so the correct transcript items must be located by their names.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What do the highlight colors indicate in the sample pages?",{"text":113,"@type":109},"Red highlights information used to cross-reference tax return line items with corresponding transcript data. Yellow marks required verification data elements for the 2023-24 award year. 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All rights reserved.  \n© 2023 by National Association of Student Financial Aid Administrators (NASFAA) . All rights reserved.  \nNASFAA has prepared this document for use only by personnel, licensees, and members. The information contained herein is protected by copyright. No part of this document may be reproduced, translated, or transmitted in any form or by any means, electronically or mechanically, without prior written permission from NASFAA.  \nNASFAA SHALL NOT BE LIABLE FOR TECHNICAL OR EDITORIAL ERRORS OR OMISSIONS CONTAINED HEREIN; NOR FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES RESULTING FROM THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.  \nThis publication contains material related to the federal student aid programs under Title IV of the Higher Education Act and/or Title VII or Title VIII of the Public Health Service Act. While we believe that the information contained herein is accurate and factual, this publication has not been reviewed or approved by the U.S. Department of Education, the Department of Health and Human Services, or the Department of the Interior.  \nThe Free Application for Federal Student Aid (FAFSA® ) is a registered trademark of the U.S. Department of Education.  \nNASFAA reserves the right to revise this document and/or change product features or specifications without advance notice.  \nJanuary 2023  \nInformation in this publication is current as of January 4 , 2023.  \nTax Transcript Decoder ©  \nComparison of 2021 Tax Return and Tax Transcript Data  \nFAFSA instructions direct applicants to obtain information from certain lines on IRS income tax returns and schedules. For the most part, the instructions identify the relevant lines on the tax form by line number. These line item numbers do not appear on IRS tax transcripts. Instead, each item is identified by name. When verifying FAFSA data using tax transcripts, it is important to identify the correct answer.  \nThe following pages contain a sample tax return and corresponding tax return transcript. Relevant line items have been highlighted as follows:  \nRed: information to help cross-reference tax return line items with corresponding data on the tax return transcript.  \nYellow: tax return line items that are required verification data elements for the 2023-24 award year.  \n Blue: tax return line items listed in the FAFSA instructions, which should be reviewed for potential conflicting information.  \n2021 Tax Return Line Items for 2023-24 Verification  \n\n|  | 1040 and Schedules | 2023-24\u003Cbr>\u003Cbr>FAFSA Question |\n| --- | --- | --- |\n| AGI | 1040 Line 11 | 33 (S) and 81 (P) |\n| Income tax paid * | 1040 Line 22 minus Schedule 2, Line 2 | 34 (S) and 82 (P) |\n| Education credits | Schedule 3, Line 3 | 40a (S) and 88a (P) |\n| IRA deductions and payments | Schedule 1, Line 16 + Line 20 | 41b (S) and 89b (P) |\n| Tax-exempt interest income | 1040 Line 2a | 41d (S) and 89d (P) |\n| Untaxed portions of IRA, pension, and annuity distributions (withdrawals)* | 1040 Lines (4a minus 4b; if negative, use zero) +\u003Cbr>(5a minus 5b; if negative, use zero) (exclude rollovers) | 41e (S) and 89e (P) |\n\n2021 Tax Return Transcript Line Items for 2023-24 Verification  \n\n|  | \u003Cbr>Tax Transcript | 2023-24 FAFSA Question |\n| --- | --- | --- |\n| AGI | “ADJUSTED GROSS INCOME PER COMPUTER” | 33 (S) and 81 (P) |\n| Income tax paid* | “INCOME TAX AFTER CREDITS PER COMPUTER”\u003Cbr>minus\u003Cbr>“EXCESS ADVANCE PREMIUM TAX CREDIT REPAYMENT AMOUNT” | 34 (S) and 82 (P) |\n| Education credits | “EDUCATION CREDIT PER COMPUTER” | 40a (S) and 88a (P) |\n| IRA deductions and payments | “KEOGH/SEP CONTRIBUTION DEDUCTION”\u003Cbr>plus\u003Cbr>“IRA DEDUCTION PER COMPUTER” | 41b (S) and 89b (P) |\n| Tax-exempt interest income | “TAX-EXEMPT INTEREST” | 41d (S) and 89d (P) |\n| Untaxed portions of IRA, pension, and annuity distributions (withdrawals)* | (“TOTAL IRA DISTRIBUTIONS” minus “TAXABLE IRA DIS","cbCaibbScOUXDGVU","https://ap.wps.com/l/cbCaibbScOUXDGVU","pdf",4710533,33,"English","# 2021 Tax Return Line Items for 2023-24 Verification\n# 2021 Tax Return Transcript Line Items for 2023-24 Verification\n# Sample IRS Form 1040 and Schedules","[{\"question\":\"Why don’t IRS transcript line numbers match FAFSA instructions?\",\"answer\":\"IRS transcripts identify each item by name, not by line number. FAFSA verification instructions typically reference specific line numbers on the tax form, so the correct transcript items must be located by their names.\"},{\"question\":\"What do the highlight colors indicate in the sample pages?\",\"answer\":\"Red highlights information used to cross-reference tax return line items with corresponding transcript data. Yellow marks required verification data elements for the 2023-24 award year. Blue lists items referenced in FAFSA instructions that should be reviewed for conflicting information.\"},{\"question\":\"Which items are mapped for 2023-24 verification from 2021 tax return data?\",\"answer\":\"The document maps multiple line items, including AGI, income tax paid, education credits, IRA deductions and payments, tax-exempt interest income, and untaxed portions of IRA/pension/annuity distributions, with guidance for handling negative values as zero.\"}]","Tax Transcript Decoder - 2021 Tax Return and Tax Transcript Data Comparison | PDF",1789809380]