What are tax differences for working 2 part time jobs vs 1 full time job?
Semi retired with retirement plan income. I have a chance to work 2 part time jobs. Claiming single 0 on my W2. Will I end up having to pay taxes next year when I combine all my incomes?
Asked By: Smitty - 2/19/2008
Best Answer - Chosen by Asker
You could end up paying, since each job will take out like they are your only income, and you pay taxes based on your TOTAL income.
Answered By: Judy - 2/19/2008
Additional Answers (1)
Generally, if you work a full time job, they withhold based on the assumption that this is what your income will be. IE $2,000/mo, you will earn $24,000 for the year, and this will be your tax bracket. When you work 2 part time jobs, say earning $1,000/mo on each, they each withhold as though you are going to earn $... More
Answered By: irongrama - 2/19/2008
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