https://ttlc.intuit.com/community/retirement/discussion/why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-payment/01/2040512#M137236 Sun, 07 Mar 2021 15:21:19 GMT zenpilot7 2021-03-07T15:21:19Z https://ttlc.intuit.com/community/retirement/discussion/why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-payment/01/2040512#M137236 Sun, 07 Mar 2021 15:21:19 GMT https://ttlc.intuit.com/community/retirement/discussion/why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-payment/01/2040512#M137236 zenpilot7 2021-03-07T15:21:19Z https://ttlc.intuit.com/community/retirement/discussion/re-why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-p/01/2040581#M137241 <P>You can't judge your bottom line number until all the information has been entered. All you income and all your withholding must be taken into consideration. If the withholding was insufficient, you should adjust it for 2021.</P> Sun, 07 Mar 2021 15:39:09 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-p/01/2040581#M137241 ColeenD3 2021-03-07T15:39:09Z https://ttlc.intuit.com/community/retirement/discussion/re-why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-p/01/2040587#M137244 <P class="p1"><STRONG>WHY DID MY REFUND GO DOWN WHEN I ADDED ANOTHER W-2?</STRONG></P> <P class="p2">You started off with your first W-2 and your refund looked high?<SPAN class="Apple-converted-space">&nbsp; </SPAN>Then you added another W-2 and it stopped looking so good? That is normal.<SPAN class="Apple-converted-space">&nbsp; </SPAN>When you added more income, your tax liability increased, so you saw your refund decrease. &nbsp;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.<SPAN class="Apple-converted-space">&nbsp; </SPAN>Then you <STRONG>added taxable income</STRONG>--so the refund went down. Your refund (or tax due) is based on the total of your income, not “per W-2.” &nbsp;Wait until you have entered ALL of your income and credit/deduction information. &nbsp;You can't really tell anything until it is all entered.<SPAN class="Apple-converted-space">&nbsp; </SPAN><STRONG>That “refund monitor” does not mean anything until everything has been entered</STRONG>.</P> <P class="p3">&nbsp;</P> <P class="p2"><A href="https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2" target="_blank">https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2</A></P> Sun, 07 Mar 2021 15:40:18 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-while-entering-my-w-2-produced-a-refund-of-1555-and-when-i-entered-my-wife-s-produced-a-p/01/2040587#M137244 xmasbaby0 2021-03-07T15:40:18Z