Thursday, July 30, 2009

Can I use 2 different programs to file taxes for two different jobs?

If I file my 2 jobs together then I owe, but for some odd reason...If I file one job with taxact, and the other with turbo tax. I get a refund. Can anyone make sense of this??

Can I use 2 different programs to file taxes for two different jobs?
Well sure - by filing them as two separate returns, you are doubling up on taking your standard deduction and personal exemption, subtracting those from each W-2 - you are only allowed to subtract it once.





You have to file just one return, adding the two together. If you try to file them separately, one will reject, then in awhile you'll get a letter from the IRS assessing you the extra taxes plus penalties and interest. You don't have a refund coming, and if you just file one of the W-2's the IRS will be after you and make you fix it. Just do it right in the first place.
Reply:no. u must file them together. The more you make the higher tax bracket you could be in. When you file them separately it may be counting the eic you may or may not be entitled to.
Reply:You have to add the income from both jobs together when filing taxes. That is your mistake. Tax software will ask you if you have more than one W-2 statement.


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