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I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

Without adding the second w2 on my app, I get more back in federal. Once I add this one, I get less back and that confuses me completely.
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I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

That's common.  It just looks that way because you put them in as separate W2s and saw the tax due change in between them. If it all was on one W2 you would get the same answer. And each job was withholding like it was your only job.

Because you only get one standard deduction and personal exemption (or 2 for Joint), no matter how many W2s you put in. Turbo Tax starts out by giving you the Standard Deduction.  You entered more income when you entered the second W2 but you didn't enter more deductions.  And each job only withheld taxes like it was your only job for the year.  You might want to adjust your withholding.  Also as you add more income you might not be getting as many credits as before like the EIC credit.

And it was probably giving you the EIC credit until you went over.

See this FAQ
https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-added-a-second-w-2

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4 Replies

I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

That's common.  It just looks that way because you put them in as separate W2s and saw the tax due change in between them. If it all was on one W2 you would get the same answer. And each job was withholding like it was your only job.

Because you only get one standard deduction and personal exemption (or 2 for Joint), no matter how many W2s you put in. Turbo Tax starts out by giving you the Standard Deduction.  You entered more income when you entered the second W2 but you didn't enter more deductions.  And each job only withheld taxes like it was your only job for the year.  You might want to adjust your withholding.  Also as you add more income you might not be getting as many credits as before like the EIC credit.

And it was probably giving you the EIC credit until you went over.

See this FAQ
https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-added-a-second-w-2

I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

Makes sense! I didn't qualify for the EIC before adding it on. Without the second jobs w2, I was getting more back and owed less, with the second job added I'm getting less back and owe like 4x more. It's a bit annoying, but if I have to pay it I guess I will. Good thing I only have the primary job now haha

I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

You must enter all of your income.  Every W-2 that you received must be reported on your tax return, even if they are for small amounts.  Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer.  You do not want to get in trouble with the IRS for under-reporting your income.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I have two w2's from two different jobs. On the part time one I only made $2962.82. Do I need to file it?

You are legally required to report all of your income. Any amount of income that is more than 49 cents must be reported.
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