Can i file exempt on my w-4 form?
On One Hand: Yes, if you meet certain conditionsAn employer uses a W-4 form to calculate the amount of money that it should withhold from each paycheck to cover each employee’s federal tax liability. According to H&R Block, you can file exempt on a W-4 form if you had no federal income tax liability the previous year and you don’t expect to have any the next year, which would be the case if you made less than $950 in the year.On the Other: Most often, you are not exemptYou are not allowed to claim exemption if you are listed as someone’s dependent. You also are not allowed to claim exemption if you will earn more than $950 in a year and are expected to include more than $300 of unearned income, such as interest, gifts or scholarships.Bottom LineIn most cases, you cannot file exempt on a W-4.
