Tax Tips When Filing for Multiple Jobs – TurboTax Tax Tip Video

Tax Tips When Filing for Multiple Jobs – TurboTax Tax Tip Video


[Music – Piano melody] Hello, I’m Nick from TurboTax with four
tax tips that can help when filing for multiple jobs.
Tax tip number one: 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 number two: 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 three: 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!
And tip four: 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 [Music – Piano melody]

Leave a Reply

Your email address will not be published. Required fields are marked *