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Yes it is a problem. You were supposed to wait and put all of your 2023 W-2's on the same tax return.
Did you click that big orange button that said “Transmit my return now?” If you did that, you cannot do anything to fix it yet. You have to wait for the email that tells you if your return was accepted or rejected. The IRS will begin to accept/reject e-files on January 29, so your email will come on or after 1-29.
You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow you to take it back.
If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.
Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.
If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.
Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed
It is likely that once you enter your second W-2 on your tax return, your total refund will be reduced. When you enter your first W-2, the standard or itemized deductions are subtracted from the income before the amount of tax due is calculated so only a portion or maybe none of the income is being taxed and it appears like you are getting most or all of tax withheld as a refund. When you enter the next W-2, most or all of it is being taxed since there are no more deductions left to subtract. There is not enough tax withheld on that income to pay taxes on all of it so the refund goes down. The refund shown after entering the first one has no meaning and should be ignored. If all of your income and withholding from both jobs was reported on one W-2 the result would be the same but you would not see an interim refund amount that has no meaning.
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