There are a few things to keep in mind when filing your personal taxes with multiple W-2 tax forms. Watch this video to learn what you need to do to file a tax return with multiple jobs.
Hello, I’m Nick from TurboTax with four tax tips that can help when filing for multiple jobs.
Tip #1: You may find you owe more than you thought, so to be on the safe side, it’s always good to put a little extra money aside to prepare. The taxes withheld from your paycheck may be based on income for only one job and don’t take into account income from other sources.
Tip #2: Taking on a second job may bump you up to a higher tax bracket, so be aware of how your multiple jobs affect you.
Tip #3: The W-4 form you fill out at a new job determines how much will be withheld from your paycheck for taxes. This includes a section for people with multiple jobs, so your extra income can be calculated into your tax rate. Fill that part out!
Tip #4: If your job situation changes, ask your payroll department for a new W-4 form, or you can get one yourself from the IRS website.
For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.