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My account went from $800 something dollars. I just added my last w-2 and it changed to $76 dollars?

 
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4 Replies

My account went from $800 something dollars. I just added my last w-2 and it changed to $76 dollars?

That is normal. As you add income that "refund monitor" changes.   

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. 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.”  Wait until you have entered ALL of your income and 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-28

**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.**

My account went from $800 something dollars. I just added my last w-2 and it changed to $76 dollars?

I added a w-2 and it literally subtracted all my money but the $76

My account went from $800 something dollars. I just added my last w-2 and it changed to $76 dollars?

That can happen when you add more taxable 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.**

My account went from $800 something dollars. I just added my last w-2 and it changed to $76 dollars?

Each employer withholds as if that was the only income, but when added together you can move into a higher tax bracket so more withholding (or paying estimated tax) is necessary.  When both spouses work they might need to claim single and not exemptions to avoid paying additions tax or even having an addition amount withheld.  This is very common with two incomes.

See this FAQ:
Why did my refund drop when I entered another W-2?
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3798403">https://ttlc.intuit.com/replies/3798403</a>
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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