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I entered 3 out 4 w2s and each one my refund increased, i entered the 4th w2 and my refund dropped by $400.00. I double checked to make sure info was correct help please?

 
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JohnW15
Intuit Alumni

I entered 3 out 4 w2s and each one my refund increased, i entered the 4th w2 and my refund dropped by $400.00. I double checked to make sure info was correct help please?

This is a very common occurrence when adding income to your return.  Please see the TurboTax FAQ "Why did my refund drop when I entered a second W-2?" below for a good explanation.  Note -- it doesn't necessarily happen on the second W-2.  Once you've reached the standard deduction threshold, it's common for the displayed refund to drop.

https://ttlc.intuit.com/replies/3798403


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2 Replies

I entered 3 out 4 w2s and each one my refund increased, i entered the 4th w2 and my refund dropped by $400.00. I double checked to make sure info was correct help please?

That's common.  It just looks that way because you put them in as separate W2s and saw the tax due change in between them. If it all was on one W2 you would get the same answer. And each job was withholding like it was your only job.

Because you only get one standard deduction no matter how many W2s you put in. Turbo Tax starts out by giving you the Standard Deduction.  You entered more income when you entered the second W2 but you didn't enter more deductions.  And each job only withheld taxes like it was your only job for the year.  You might want to adjust your withholding.  Also as you add more income you might not be getting as many credits as before like the EIC credit.  And it was probably giving you the EIC credit until you went over.

See, <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2">https:/...>
JohnW15
Intuit Alumni

I entered 3 out 4 w2s and each one my refund increased, i entered the 4th w2 and my refund dropped by $400.00. I double checked to make sure info was correct help please?

This is a very common occurrence when adding income to your return.  Please see the TurboTax FAQ "Why did my refund drop when I entered a second W-2?" below for a good explanation.  Note -- it doesn't necessarily happen on the second W-2.  Once you've reached the standard deduction threshold, it's common for the displayed refund to drop.

https://ttlc.intuit.com/replies/3798403


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