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Why did my tax refund decrease after adding a second W2?
Your tax refund may have decreased after adding a second W2 because the additional income from the second job may have pushed you into a higher tax bracket, resulting in more taxes owed and a smaller refund.
Why does my refund decrease when I enter another W2?
When you enter another W-2, it may increase your total income, which can push you into a higher tax bracket. This can result in a higher tax liability and a decrease in your refund amount.
Why did my tax refund decrease when I added another W-2?
Your tax refund decreased when you added another W-2 because having multiple jobs can increase your total income, which may push you into a higher tax bracket and result in a higher tax liability. This can lead to a smaller refund or even a balance owed to the IRS.
Why does my refund decrease when I add another W2?
When you add another W2, it may increase your total income, which can push you into a higher tax bracket. This can result in a lower refund or even a tax payment due because more of your income is subject to higher tax rates.
Why did my refund decrease when I added another W2?
When you added another W2, your refund may have decreased because the additional income from the second job pushed you into a higher tax bracket, resulting in more taxes owed and a smaller refund.
Why did my tax refund decrease after adding a second W2?
Your tax refund may have decreased after adding a second W2 because the additional income from the second job may have pushed you into a higher tax bracket, resulting in more taxes owed and a smaller refund.
Why does my refund decrease when I enter another W2?
When you enter another W-2, it may increase your total income, which can push you into a higher tax bracket. This can result in a higher tax liability and a decrease in your refund amount.
Why did my tax refund decrease when I added another W-2?
Your tax refund decreased when you added another W-2 because having multiple jobs can increase your total income, which may push you into a higher tax bracket and result in a higher tax liability. This can lead to a smaller refund or even a balance owed to the IRS.
Why does my refund decrease when I add another W2?
When you add another W2, it may increase your total income, which can push you into a higher tax bracket. This can result in a lower refund or even a tax payment due because more of your income is subject to higher tax rates.
Why did my refund decrease when I added another W2?
When you added another W2, your refund may have decreased because the additional income from the second job pushed you into a higher tax bracket, resulting in more taxes owed and a smaller refund.
Why does my tax refund decrease when I add another W2?
When you add another W2, it may increase your total income, which can push you into a higher tax bracket. This can result in a lower tax refund or even owing money to the government because more taxes may need to be withheld from your paychecks.
Why did my federal refund decrease when I added another W2?
Your federal refund decreased when you added another W2 because having multiple W2s can increase your total income, which may push you into a higher tax bracket and reduce the amount of refund you receive.
Why did my state refund decrease?
Your state refund may have decreased due to changes in your income, deductions, credits, or tax laws. It's important to review your tax return to understand the specific reasons for the decrease.
How should I create a journal entry to record an income tax refund?
To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.
Why did my tax refund decrease after entering my second W2?
Your tax refund may have decreased after entering your second W2 because the additional income from the second job pushed you into a higher tax bracket, resulting in more taxes owed and a smaller refund.
What if you got a tax refund and received another w2 after you filed?
If you got a tax refund and received another w2 after you filed, you will have to file an amendment to your tax return for the year that the W-2 Form was for in order to correct your return. You may get an additional refund when you file your amendment or you may owe additional tax from the amendment.
Where can I find a tax refund schedule online?
A tax refund schedule can be found online at various different site. Some of these include http://www.irs.com/2011-federal-tax-refund-schedule/ as well as http://www.efile.com/tax-refund/where-is-my-refund/. where is my refund
