What does claiming EXEMPT on my w4 do?
Asked by: Jesica Hogan
Does claiming exemption from federal income tax witholding mean I have to pay taxes at all? Like when people file taxes in april what do I need to do?
Few facts to help aid your answer: I’m a minor working at her FIRST part time job who will make an estimated 4000 a year and have no other source of income
and AM I ELIGIBLE to file EXEMPT on my w4 form since this is my first job?