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When you add another W-2 to your tax return, it may cause your tax return to drop because the additional income from the second job could push you into a higher tax bracket, resulting in a higher tax liability.

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4mo ago

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Related Questions

Why does my tax return decrease when I enter another W2 form?

Your tax return may decrease when you enter another W2 form because it increases your total income, which can result in a higher tax liability.


Why did my tax return decrease when I added another W2?

Your tax return decreased when you added another W2 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.


Can you file a tax return from unemployment which you drew in another state?

Yes on your federal 1040 income tax return ALL of your gross worldwide income is REPORTED on the only1 federal income tax return that would be ALLOWED to file for the tax year.


Are there tax credits available for a 17 year old tax payer?

Not for a dependent on another taxpayers income tax return.


Do you have to file a tax return if you made less than 600.00?

Not if the 600 is all of your worldwide gross income and you are probably a qualifying relative dependent on another taxpayers income tax return you would not need to file a income tax return.


Are nineteen years old single and a full-time student Is Janice eligible for the making work pay credit on her tax return?

NO a dependent on another taxpayers income tax return would NOT qualify for the MWPTC on her income tax return.


What happens if you enter the incorrect social security number for your child on your tax return?

If you enter a wrong social security number for the child you would have to amend your tax return and add the correct number.


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.


How do I report income from 2 W-2s from the same employer on my tax return?

When reporting income from 2 W-2s from the same employer on your tax return, you simply add the amounts together and enter the total on the tax form in the appropriate section.


If a minor owes less than 500 dollars for income tax do they have to pay?

If a minor has any income tax liability the minor would be required to file a income tax return. When you are a dependent on another individual income tax return and you have 950 or more of unearned income you are required to file a federal income tax return.


Can you file unearned on your taxes with 2 children?

If you are a dependent on another taxpayer's income tax return and you have 950 or more of unearned income you would be required to file a income tax return.


What are tax return loans?

Tax return loans are when an individual borrows an amount of money against their tax return.