I'm a single male with no dependents. I had two W-2s for this year, one of which showed a gross earning of ~$30,000 while the second was for ~$20,000.
When I fed the first one into TurboTax, I got a refund of ~$2600. But then I fed in the second, this only went up by ~$700. Shouldn't the second one be worth approximately 2/3 of the first, rather than almost 1/4?
I have tried speaking with them on the phone and the only explanation I got (from a very unhelpful phone person) was that "as I make more, I am taxed more," as if to say that once the system realized I made about $50,000, it reduced my total refund percentage as opposed to had I only made $30,000. That makes no sense to me whatsoever on this scale....maybe if it had gone from $30k to $5m, but this just doesn't seem right.
Can anyone advise as to whether there might be a good reason, or whether I should pursue this further?
The federal withholding on the $30k was $4600 and the withholding on the $20k was $3900-- NOT a 73% reduction as is $2600 --> $700.
The work was done in the same state for both W-2s...