Taxes are not accurate

1princegod — Mon, 23 Feb 2026 12:52:49 GMT

Why did I lose tax money by added a second W-2

Re: Taxes are not accurate

CatinaT1 — Fri, 10 Feb 2023 13:34:49 GMT

We can not see your return, but these are some ideas to consider.

Your total income determines:

your tax bracket
your eligibility for tax credits
credit amounts

Your total withholdings from your W-2's will also impact your refund/balance due.

Re: Taxes are not accurate

xmasbaby0 — Fri, 10 Feb 2023 14:17:52 GMT

You did not "lose" money by adding a second W-2. You just paid too much attention to the "refund monitor" which means nothing until all of your information has been entered.

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 it took $25,900 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

topic Taxes are not accurate in After you file

Taxes are not accurate

Re: Taxes are not accurate

Re: Taxes are not accurate