Hello, I’m attempting to file my taxes for the year, I have two W-2 forms and one 1099-NEC form. My first two documents file as normal and says I’m set to receive around $1900 for federal and $400 for state, however, after I enter my second W-2 (for either company), federal goes down to about $250 and state is telling me I owe money. I’m not sure what I’m doing wrong but I have never had this issue, are you able to assist me with my filing?
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Perhaps. The 1099-NEC likely was reported as self-employment income and is subject to income tax as well as self-employment tax.
Self-employment income is reported on line 3 of Schedule 1.
Self-employment tax is reported on line 4 of Schedule 2.
These lines can be viewed at Tax Tools / Tools / View Tax Summary / Preview my 1040.
since you seem to have entered 1 w-2 and then the 1099-NEC and then after entering the 2nd W-2 your taxes change significantly it could be that not enough income taxes were withheld on the 2nd w-2 to cover the increase in tax.
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