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#2
02-04-2008, 01:06 PM
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 Re: refund info <douglasmp72[at]yahoo.com> wrote: - quote - > I work two jobs, my first income is 60,000 and my refund was to be
It's not only possible, it's probable if you didn't look at your whole> approx 2300 total with state, but when i put in my second job which i > earned 5500 my refund dropped to 715 with me owing state 50.00. My > second job was taking out taxes appropriatly, is this possible? I > used an online tax service? picture when you filled out your W-4's. It's not that your second job is having this effect. To see what I'm talking about, input the W-2's in reverse order. You need to go through the W-4, including the worksheets, which deal with two jobs. -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
02-03-2008, 11:25 PM
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| Re: refund info - quote - > I work two jobs, my first income is 60,000 and my refund was to be
Provide the following amounts from each Form W-2:> approx 2300 total with state, but when i put in my second job which i > earned 5500 my refund dropped to 715 with me owing state 50.00. My > second job was taking out taxes appropriatly, is this possible? I > used an online tax service? Box 1 wages Box 2 withholding What is your filing status? Condor -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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02-03-2008, 07:26 PM
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| Re: refund info douglasmp72[at]yahoo.com wrote: - quote - > I work two jobs, my first income is 60,000 and my refund was to be
Undoubtedly the second witholding was taking at the rate as if that were> approx 2300 total with state, but when i put in my second job which i > earned 5500 my refund dropped to 715 with me owing state 50.00. My > second job was taking out taxes appropriatly, is this possible? I > used an online tax service? your only income. Presuming a second job doesn't bring in the same rate as your primary, it was still underheld in relation to your total taxable income. To prevent this in the future (although, personally, I see no reason to pay more than necessary any earlier than necessary, many seem to prefer it) would require a revised deduction(s) request for one or the other employer. -- -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
02-03-2008, 06:13 PM
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| refund info I work two jobs, my first income is 60,000 and my refund was to be approx 2300 total with state, but when i put in my second job which i earned 5500 my refund dropped to 715 with me owing state 50.00. My second job was taking out taxes appropriatly, is this possible? I used an online tax service? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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