For the 2019-2020 Award year, the verification tracking groups are the same as they were of the 2018-2019 award year and there weren’t any changes to the acceptable documentation requirements either.
Here’s a breakdown of the verification tracking groups and information you’re required to verify for each group.
V1 – Standard Verification Group
Tax Filers
- Adjusted Gross Income
- U.S. Income Tax Paid
- Untaxed Portions of Individual Retirement Account (IRA) Distributions
- Untaxed Portions of Pensions
- IRA Deductions and Payments
- Tax Exempt Interest Income
- Education Tax Credits
Nontax Filers
- Income Earned from Work
Tax Filers and Nontax Filers
- Number of Household Members
- Number in College
V4 – Custom Verification Group
- High School Completion Status
- Identity/Statement of Educational Purpose
V5 – Aggregate Verification Group
Tax Filers
- Adjusted Gross Income
- U.S. Income Tax Paid
- Untaxed Portions of IRA Distributions
- Untaxed Portions of Pensions
- IRA Deductions and Payments
- Tax Exempt Interest Income
- Education Tax Credits
Nontax Filers
- Income earned from work
Tax Filers and Nontax Filers
- Number of Household Members
- Number in College
- High School Completion Status
- Identity/Statement of Educational Purpose