Anyone know why my seperate w-2's show a federal refund but combined they state I owe money?

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Anyone know why my seperate w-2's show a federal refund but combined they state I owe money?

2007-02-05 10:27:16 · 3 answers · asked by saealumnus 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

combined your income is most likely over the $5,150 standard deduction. if you claim yourself, and you made over $8,450, then you have taxable income. if separately they were less than this amount, then you didnt have taxable income.

2007-02-05 10:41:44 · answer #1 · answered by tma 6 · 0⤊ 1⤋

Since the W-2's are added together for taxes and taxes calculated onthe total, the second one is taxed starting at the rate where the first leaves off, not at zero.

2007-02-05 10:42:48 · answer #2 · answered by Judy 7 · 0⤊ 1⤋

There wasn't enough taxes taken out of one of them.

2007-02-05 10:35:19 · answer #3 · answered by ruth4526 7 · 1⤊ 0⤋