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March 15, 2022
Question

Why does my total federal refund go down in amount after adding my second W-2?

  • March 15, 2022
  • 2 replies
  • 0 views
I went from a $1600 return to a $190 return, I thought adding both W-2s from the job's I have worked would have add both amounts together, not bring one down?

2 replies

March 15, 2022

the second w-2 increases your taxable income which increases your taxes and the additional withholding on the w-2 is insufficient to cover the increase in taxes.

 

March 15, 2022

The amount of your refund depends on how much was withheld from your paycheck.   So if there was too little withheld from your paycheck during the year, your refund is decreased.