Ok this is a little confusing and anxiety inducing for me so just looking for a little advice.
INFO: I’m 19F, single, no independents, live in Arizona, and have someone that will be doing my taxes for me when that time comes.
I was never taught taxes or W-2s, aside from my own research which I, all honesty, don’t trust.
I’m trying to plan ahead for when I do taxes next year so that I know what I’m doing and don’t screw myself over from just flat out ignorance.
I quit my job earlier this year (in June) and have documentation of all my paychecks from said job this year as well as last year’s W-2, so I think I’ll be okay on that end? Advice is welcome.
My issue is: I just started working 3 jobs that are all PRN. This means I don’t have a set schedule so my funding will be varied and from 3 different places, I’m going to do my best to keep track of all my paychecks from each one but I’m worried that maybe my tax filing won’t be correct, like since they’re PRN will they take all the federal tax necessary? I don’t know. When I had the options for 2 of my jobs i selected the highest amount of tax with holding allotted (3.5%) which I think is state tax? I didn’t opt to take any extra money out of my paycheck for those jobs. I’m doing the W-2 paperwork for the 3rd one which will be the “main job” and the one I make the most money off of, should I do the same thing I did for my other jobs? Looking for any insight or advice I’m so lost and just don’t want to mess this up!
I have 3 PRN Jobs and don’t know how to set up my W-2s
byu/Key-Independence5962 intax
Posted by Key-Independence5962
1 Comment
You get a w2 form each employer, that lists what you were paid for the year. It’s not a bad idea to save paystubs, but it’s not going to fall on you to add them all up to get your total. You do get a w2 with that.
When working 3 jobs you do generally need to add extra withholding. Just checking the 2 jobs box isn’t enough when there are 2 jobs. Were you making less at the earlier job? That may help negate that issue.
You can use the IRS withholding calculator after a few pay periods to find out what extra withholding to add for the reminder of the year.