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Video: Tax Tips When Filing for Multiple Jobs

Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • October 16, 2024 1:07 AM
OVERVIEW

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.

TABLE OF CONTENTS

Video transcript:

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.

 

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The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.

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Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):

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  • Child Tax Credit (CTC)
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Examples of situations not included in a simple Form 1040 return:

  • Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
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