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Get your taxes done using TurboTax
Your refund went down/ amount due increased after entering the second W-2 because we start you off with the full standard deduction, which we subtract from the income you’ve entered so far.
You don’t get this deduction with each W-2 you enter, just the first one. This means your second W-2 will appear to be taxed more, but what’s really happening is that you’re getting a more accurate picture of your income.
For more information please check: Why did my refund drop when I entered a second W-2?
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February 18, 2022
8:51 AM
1,123 Views