So, I received both of my W2 forms within the past week or so – and needless to say – was very excited to fill out my taxes and claim my refund. I input the first W2 and it shows that so far my refund is $1,600 (NICE!). I input the 2nd W2 and, all of a sudden, I know owe $193! What gives?!

Just to check, I delete the first W2 – letting the 2nd stand alone – and then it says that I’m owed a refund of $673.

I am so confused. Separately, my W2s show that I’m getting refunds – combined I owe almost $200 to the government.

This has to be a mistake, right?

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UPDATE: So I scheduled a meeting with a CPA to review my tax situation. Hopefully, everything works out. He said it may just be that I’ve entered a different tax bracket, but I don’t think that’s the case since I still make under $77,100 a year. At the very least, maybe he can show me a few areas where I can make some additional deductions or help me plan for 2008.