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Why is my refund decreasing every time i add a w2

 
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2 Replies

Why is my refund decreasing every time i add a w2

More Income  =  More Taxes Due  = Less Refund

JotikaT2
Employee Tax Expert

Why is my refund decreasing every time i add a w2

Typically, when you enter a W-2 Form, your wages represent income that is taxable.  

 

As you enter income, your total tax liability will increase.  This is why you are noticing your refund decreasing as you enter your income.

 

Review your W-2 Form.  Do you have any amounts in box 2 for Federal income taxes withheld?  If so, please make sure you are entering this line as well to ensure any withholdings already paid to the IRS are included when you file your income tax return.

 

Please be aware, the refund or liability shown at the top of the program is not a final number until you have completed all of your input and are ready to file your tax return.

 

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