How come my tax return went down 500$ after I added the w-2 form from my second job?

timmyp9315 — Thu, 06 Jun 2019 15:20:41 GMT

Your income went up.

SweetieJean — Thu, 06 Jun 2019 15:20:43 GMT

Your income went up.

More income = more tax You started off with your first W-...

xmasbaby0 — Thu, 06 Jun 2019 15:20:44 GMT

More income = more tax

You started off with your first W-2 and your refund look pretty good? 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 begins by giving you your personal exemption of $4050 plus your standard deduction—both of 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 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

topic How come my tax return went down 500$ after I added the w-2 form from my second job? in Get your taxes done using TurboTax

How come my tax return went down 500$ after I added the w-2 form from my second job?

Your income went up.

More income = more tax You started off with your first W-...