topic What would happen to my taxes if I had two jobs that pay almost the same? in Get your taxes done using TurboTax

What would happen to my taxes if I had two jobs that pay almost the same?

marinedoctor0 — Wed, 05 Jun 2019 22:40:46 GMT

I work at Lowe's Home Improvement and a employer wants to make me personal assistant that pays almost the same as Lowe's.

Will you get W2s for both jobs or will the new one pay yo...

VolvoGirl — Wed, 05 Jun 2019 22:40:48 GMT

Will you get W2s for both jobs or will the new one pay you on a 1099Misc? Better find out when you start.

If you get 2 W2s each job only holds out like it's your only job so you may come up short at the end of the year and have a tax due. So you should adjust the withholding to have more taken out. If you get paid on a 1099Misc, independent contractor, etc. post back for a lot more information.

Two W-2 jobs at the same time? You'll likely end up in a...

SweetieJean — Wed, 05 Jun 2019 22:40:49 GMT

Two W-2 jobs at the same time? You'll likely end up in a higher tax bracket.

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

I don't know very much about taxes. I would make about 64...

marinedoctor0 — Wed, 05 Jun 2019 22:40:50 GMT

I don't know very much about taxes. I would make about 64,000 a year with both jobs. I usually get $1600 back on taxes with state and federal combined at Lowe's itself. The second job I'm starting soon

More income = more tax and usually less refund (or more t...

VolvoGirl — Wed, 05 Jun 2019 22:40:52 GMT

More income = more tax and usually less refund (or more tax due)