Get your taxes done using TurboTax

What tax year is this for?   Employers have not issued W-2's for tax year 2023 yet.   Employers have until the end of January 2024 to issue W-2's for tax year 2023.   What software are you using to enter your income?  The current online software is only for 2023 returns; it cannot be used for any past years like 2020,  2021 or 2022.   So before even addressing the issue of your multiple W-2's---let's be sure you are using the right software.   If you are preparing a return for 2020, 2021 or 2022, you have to use the CD/download on a full PC or Mac.  You cannot use online TurboTax.

 

 

Did you work at each of those locations?  Does each W-2 represent the amount earned at the specific location?  If you are not sure----then ask your employer why they issued multiple W-2's.   

 

 

WHY DID MY REFUND GO DOWN WHEN I ADDED ANOTHER W-2?

 

You started off with your first W-2 and your refund looked high?  Then you added another W-2 and it stopped looking so good? That is normal.  When you added more income, your tax liability increased, so you saw your refund decrease.  The program began by giving you your standard deduction—- which lowered your taxable income.  (if you are filing joint  for 2023 it took $27,700 off your income right off the bat)   So you are not being taxed on as much of the income on that first W-2.  Then you added taxable income--so the refund went down. Your refund (or tax due) is based on the total of your income, not “per W-2.”  

And…adding income may affect other credits you were getting like the earned income credit.

 

Wait until you have entered ALL of your income and credit/deduction information.  You can't really tell anything until it is all entered.  That “refund monitor” does not mean anything until everything has been entered.

 

https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**