Solved

Why Am I getting a decrease every time I put my second W-2 and my tax refund

Forum|Forum|6 years ago
February 25, 2020
2 replies
0 views

No text available

TurboTax Free Edition Online

Best answer by macuser_22

Each employer withholds as if that was the only income, but when added together you can move into a higher tax bracket so more withholding (or paying estimated tax) is necessary. When two or more jobs you might need to claim single or even have an addition amount withheld. This is very common with two incomes.

See this FAQ:
Why did my refund drop when I entered another W-2?
https://ttlc.intuit.com/replies/3798403

E

elc41

Employee

because you are adding income and have most likely used up all of your deductions and credits or have not yet put them in. The extra income may also have raised your tax rate. You really need to enter everything before you get the exact picture

macuser_22Answer

Employee

Each employer withholds as if that was the only income, but when added together you can move into a higher tax bracket so more withholding (or paying estimated tax) is necessary. When two or more jobs you might need to claim single or even have an addition amount withheld. This is very common with two incomes.

See this FAQ:
Why did my refund drop when I entered another W-2?
https://ttlc.intuit.com/replies/3798403

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**