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robturner01
New Member

One w-2 says I owe like $80 dollars and the other one says I receive like $500, but when I type them both into system It says I owe $267. Whats the deal.

So I entered one w-2 and it said it owed $80. But I have cleared my form and started over using another w-2 and it said I will receive like $500. but when I enter them both together it says I owe $267. This makes no sense to me.
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Accepted Solutions
CherylW
Level 3

One w-2 says I owe like $80 dollars and the other one says I receive like $500, but when I type them both into system It says I owe $267. Whats the deal.

When you enter your income for all of 2016, Turbo Tax takes each one in the order they were received.

So the first W-2 entered probably didn't meet certain limits, whether it be income, exemption, or deduction levels.  Then when you entered your second one, the income level got high enough to start meeting those preset numbers.  Plus, you are in a higher tax bracket as you file more income.

To test this theory, take both W-2s out of Turbo Tax and try putting them back in in a different order.  The bottom line will be the same, but the interim number may be different.

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1 Reply
CherylW
Level 3

One w-2 says I owe like $80 dollars and the other one says I receive like $500, but when I type them both into system It says I owe $267. Whats the deal.

When you enter your income for all of 2016, Turbo Tax takes each one in the order they were received.

So the first W-2 entered probably didn't meet certain limits, whether it be income, exemption, or deduction levels.  Then when you entered your second one, the income level got high enough to start meeting those preset numbers.  Plus, you are in a higher tax bracket as you file more income.

To test this theory, take both W-2s out of Turbo Tax and try putting them back in in a different order.  The bottom line will be the same, but the interim number may be different.

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