Do I Include the Value of My 401(k) or My Spouse's IRA as Untaxed Income on the FAFSA?
You don't include the value of any qualified retirement account on the FAFSA. You do, however, report the contributions that were made into tax-deferred pensions or savings plans (paid directly or withheld from earnings) during the year. You should include amounts reported on your W-2 Form in Box 12a-12d, codes D, E, F, G, H and S. This would include a 401(k), 403(b) and any other tax-deferred pension or savings plan. (Contributions should be reported in question 95a on the FAFSA.)