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PublicationDate: 3/13/97 Summary: Comments 166 through 169 Author: CPS - Central Processing System (CPS) Posted March 13, 1997 To: EDE Destination Points From: CPS Customer Service RE: Comments 166 through 169 CPS Customer Service has received calls from schools who are concerned about the apparent excessive number of comment codes 166 though 169. These comment codes relate to the earned income credit (EIC) being inconsistent with the information reported for the martial status and the number of family members. These comment codes are generated when the applicant puts an excessive EIC amount in FAFSA question 71. For the 1997-98 FAFSA, question 71 refers to the 1996 1040 tax form line 54 which is the earned income credit. CPS Customer Service reviewed several applications with schools who called. Based on that review, we determined applicants appear to be reporting information using their 1995 tax form line 54 which is the total tax paid. The amount for total tax paid can look excessive for an EIC so comments 166 through 169 are being triggered. Please contact CPS Customer Service at 1-800-330-5947, option 8 if you have further questions. |