Do working 2 jobs hurt or help?

Discussion in 'Credit Talk' started by Brenda, Feb 13, 2002.

  1. Brenda

    Brenda Well-Known Member

    I am about take on a 2 job which should put me in a income of 35,000 to 45,000 a year household will be 75,000 to 85,000. If I put down both jobs do that make me look good in the creditors eyes.
     
  2. sam

    sam Well-Known Member

    more income = good stuff.
     
  3. Sub4Prime

    Sub4Prime Well-Known Member

    Brenda

    per my mortgage loan officer any income factored in major loans should be earned a minumum of 2 years for it to count. I am uncertain about credit cards.
     
  4. Killer

    Killer Well-Known Member

    I have two jobs. When I completed my tax return last week using computer software, I inputted my primary job excluding the second job. It showed I had almost $2000 refund coming. Great! Well then I added in my second job and suddenly I now owe $1000!. So make sure your employers take enough withholding so you won't owe. My second job clearly placed me in a higher category with higher taxes.
     
  5. GEORGE

    GEORGE Well-Known Member

    Little known FACT (not positive that it still applies)...but you can, (OR COULD) get credit for gas mileage between the two jobs...like if you worked days at one job, and nights at another job...
     
  6. Blacksi

    Blacksi Active Member

    Really? How does it work?
     
  7. GEORGE

    GEORGE Well-Known Member

    Probably have fill out another form...

    May not still work.
     
  8. Killer

    Killer Well-Known Member

    That would be great! Let's see if we can find more information.
     
  9. Nia

    Nia Well-Known Member


    Same here I had a part time job that I work a month or so and I claimed 0 exemptions. Only made $1153. Cost me a $600buck return. Came just short of owing Uncle Sam.
    2002- No more part time jobs!!!!!
     
  10. Killer

    Killer Well-Known Member

    I claimed zero on both and still fell short! I'm getting an IRA.
     

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