After entering wifes w2 my estimated federal return went down by almost twice. EVEN AFTER deductibles.

5 replies
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The deductibles did not do anything. I even got to the very end where I was about to file our taxes.

None of the deductions below apply to us.

xmasbaby0

Level 15

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. 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.” 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.**

liquidimportsAuthor

Level 2

I have entered ALL of your income and credit/deduction information. Still the number didn't go up

xmasbaby0

Level 15

If you entered everything then the refund you see is the refund you get. Refunds are not "per W-2"----your refund is based on the total amount of your income and the amount you had withheld from your paychecks--along with all of the other variables.