Tax Transcript Decoder

The Tax Transcript Decoder © is a visual guide to assist financial aid administrators with quickly identifying the correct transcript line items needed to complete the verification process. This tool contains a color-coded sample tax return and corresponding tax return transcript. The decoder also includes a sample Form W-2 cross-referenced with a W-2 Wage and Income Statement.

• 2023-24 Award Year Edition
• 2022-23 Award Year Edition
• 2021-22 Award Year Edition
• 2020-21 Award Year Edition
• 2019-20 Award Year Edition
• 2018-19 Award Year Edition

Please note that NASFAA does not have plans to offer the Tax Transcript Decoder for 2024-25 going forward. For NASFAA Members, we do offer the similar tools to assist with verification:

• Verification: 2024-25 (Extended Edition) webinar and handout
• 2022 Verification Data and Federal Tax Forms Comparison available under Resources in the AskRegs Knowledgebase

Publication Date: 3/29/2024