Question

1st time I've had 2 W2's in 1 year. When I added the 1st, my refund looked normal. When I added the 2nd, it went down 90%. What happened?

Forum|Forum|4 years ago
February 11, 2022
1 reply
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The refund amount with the first W2 was normal. I added the 2nd W2 and the return was a fraction of the first. I made more money at the second job (started out part-time), then went full-time with benefits, but I setup the W2 identical to the first.

TurboTax Free Edition Online

X

xmasbaby0

Employee

More income = more tax.

You started off with your first W-2 and your refund look high? Then you added another W-2 and it stopped looking so good? That is normal. When you added more income, your tax liability increased, so you saw your refund decrease. The program began by giving you your standard deduction—- which lowered your taxable income. So you are not being taxed on as much of the income on that first W-2. Then you added taxable income--so the refund went down. Your refund (or tax due) is based on the total of your income, not “per W-2.” Wait until you have entered ALL of your income and deduction information. You can't really tell anything until it is all entered. That “refund monitor” does not mean anything until everything has been entered.

https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2

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