Why does the amount in boxes 1-2 change after continuing?

Forum|Forum|4 years ago
February 2, 2022
2 replies
8 views

My wages increase significantly after selecting to continue

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xmasbaby0

Level 15

What do you mean they change? Where does it look like they are changing?

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Deltawilson31Author

Level 2

Sorry I should have been more clear. I entered my W-2 with no issues but upon entering my wife's, the wages amounts increase on hers only. The increase is significant by around 30k and changes the whole dynamic of our refund. I have tried deleting her W-2 and re-entering it with no change.

xmasbaby0

Level 15

Okay----you are talking about how adding a W-2 affected your refund. What happened 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-2