I have Two W2 forms for year 2006.To calculate TAX is it a simple maths like ADD both the Gross and ADD both the Federal withholding ,to calculate TAX or there is other way. thnx jas
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Two W2 forms
Feb 25, 2007
2 Replies
The total of all W-2 box 1 numbers goes on line 7 of the
1040. The total of all W-2 box 2 numbers goes on line 64. Don't forget the credit on line 71.The rest of it is just follow the instructions and math.
When you have 2 form W-2's, you add the Box 1 amounts together and put the sum on Form 1040, Line 7. Then add the Box 2 (Fed W/H) amounts, and enter the sum on Form, Line 64. To get your taxable income, you reduce your gross income by things, such as your standard or itemized deduction and your personal exemptions. Look up your tax in the tax tables for your taxable income and marital status. You tax, minus the withholding results in a refund or additional tax owed.
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