why is more money being taken when i file two w2s for my taxes?

Question

im a single person, and i had a job at the beginning of the year, and one at the end, and while trying to put them together on turbotax.com m getting money take out, why?

Answer 1

TurboTax keeps a running total on your refund or amount owed. When you enter the first W2, it will run the calculations. When you enter the second W2, it will run them again.

When you enter the first one, you are probably seeing a bigger refund because you have only entered part of your income for the year. The second W2 adds more income which raises your total income for the year which raises the amount of taxes you would pay which is probably reducing the refund you see at the top of the screen. Is this what you were asking? While it is nice to look at the first total TT gives you, you can't get excited until you see the final number after you enter all of your income, deductions, and credit info.

Answer 2

LOL! you're actually not meant to report until eventually you have all your tax archives. you have not have been given your refund yet (return is the record you report, refund is the quantity, if something, you come again) as a results of fact the IRS won't deliver out any refunds earlier Jan twenty ninth. you have a own loan. besides, in the journey that your return is prevalent, you will get a reimbursement this is basically too severe. you would be able to desire to coach a 1040X, an amended return, and as quickly as you have won the refund you will could desire to place up the amended return and pay back a minimum of a few, if not all, of the refund. in case you do not pay the suited volume with the help of April fifteenth, you will could desire to pay interest and probably effects.

Answer 3

I don't understand. Are you saying the numbers don't add up correctly. For instance, if you are entering the box for wages and tips on each are both $1,000, turbo tax is adding it all up as $1,900 instead of $2,000?