Multiple Jobs Tax Preparation,
Without the Stress
Having more than one job changes your taxes in a way that catches people off guard almost every year. Each employer withholds as if the job it pays you for is your only income, so when you add two paychecks together, the total withheld often falls short of what you actually owe, and the gap shows up as a balance due in April. More than one job can also mean too much Social Security was withheld, which is money owed back to you. And changing jobs partway through the year scrambles the picture further. None of it is complicated to fix once someone looks at the whole set of income together, and most of it can be prevented going forward by adjusting how each job withholds.
Our office is at 12305 Gold Street in West Omaha. Some clients who have multiple jobs choose us because they know the price before we begin and deal directly with one credentialed professional throughout the process, not a seasonal tax preparer. Your return is prepared by a CFP® professional, CFA® charterholder, and Enrolled Agent. We respond promptly, even during tax season. Once your return is complete, you receive a recorded video that walks you through every number and what it means, so you understand what is being filed and why, and you are not required to pay until your return is ready to be filed.
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Some Situations That Might Apply to You If You Have More Than One Job
You have two jobs and owe at tax time
The most common surprise for anyone holding two jobs is a balance due, and it traces back to how withholding is set up. Each employer calculates its withholding as though its paycheck is the only one you receive, so neither accounts for the other, and together they take out less than your combined income actually owes. The result is a shortfall at filing, often for someone who assumed two steady paychecks meant a simple return. The fix is not filing differently, it is coordinating the withholding across both jobs, so it reflects your actual total. We show you the adjustment, so the following year comes out even.
You and your spouse both have jobs
A two-earner household runs into the same withholding gap that two jobs create for one person. Each spouse's employer withholds based on that salary alone, but your taxes are figured on your income combined, which usually sits in a higher bracket than either paycheck assumes. The outcome is a couple who both had taxes withheld all year and still owe at filing, sometimes with a penalty attached. It is one of the most common reasons dual-income couples get an unwelcome surprise. We set up both W-4s so the two incomes account for each other, and the surprise does not repeat.
You changed jobs during the year
Switching jobs partway through the year leaves you with two W-2s and a withholding picture that rarely lines up. Each employer withheld based on a full year at that salary, so a mid-year move can leave you over-withheld at one and under at the other. A raise that came with the new job can widen the gap. There is also a trap for anyone who contributed to a retirement plan at both jobs: it is possible to put in more than the annual limit across two plans without realizing it, which has to be corrected. We reconcile the two W-2s and catch anything the switch set off.
We also help with related situations, including college expenses, IRS notice help, and multi-state tax preparation. Or browse every income tax situation we help with.
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