I accidentally claimed Exempt on w-4. so obviously I'm going to owe taxes. Does that come straight out of the return?

[Hennesy1]

Not quite understanding I apologize it's all so overwhelming I was researching and I was qualified stating that if the following 1. I received a refund for last year without tax liability meaming I didn't OWE and 2. IF I anticipate on receiving a federal refund next year. So I already did it but am I allowed to change it on my W4 form I'm starting a new job btw.

[stargirl1990]

I claimed exemption on accedent too all last year  and I haven’t yet filed the tax w4 yet I’m so scared to do it because I researched and it’s considered tax fraud because I saw the pay stub it says exempt 99 I don’t o ow what that means and I claimed exemption all that year and a few months after but changed to single and claimed myself when I found this out please help I’m scared I might go to prison I wasn’t trying to do anything wrong I thought I qualified for being exempt because a co worker recommended it and it didn’t get me anywhere?? 

[Aguilaralex115]

Yes I accidentally had 0.00 tax's witheld and I filled out a W4 with my Employer.

[CassLO]

@stargirl1990 Try the IRS W-4 calculator: Tax Withholding Estimator

Please see the additional information below on W-4's:

What to know about the new 2020 IRS Form W-4 Employee’s Withholding Certificate

[bullock-eunice]

Hello I accidentally claimed exempt on my w2 can I change it back? 

[VolvoGirl]

Yes.  Give your employer a new W4.  But that is only for future paychecks and won't affect your 2019 return.

[dmccaffrey10]

Made a mistake on my W-4 and filed Exemp. I am paying now the taxes I owed the federal government in 2019. However, I didn't notice the mistake till yesterday so my 2020 Tax Returns so I'd like to avoid another large amount of money being due next year.

Is there anyway I can proactively pay for the amount of taxes I've missed in the past 6 months of 2020? Essentially tru-ing up.

[VolvoGirl]

Yes you should! Send in an estimated payment.

Here are the blank Estimates and instructions…..

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

The 1040ES quarterly estimates are due April 15, 2020, June 15, Sept 15 and Jan 15, 2021.   The first quarter is not due until July 15 this year.  Your state will also have their own estimate forms.

Or you can pay directly on the IRS website https://www.irs.gov/payments

Be sure to pick the right kind of payment and year.....2020 Estimate

[dmccaffrey10]

This is fantastic, thank you very much!

Is there a way to do in with in my 2019 returns or does it need to be a separate payment?

[VolvoGirl]

Separate from 2019.  Each year is separate.

[Momof_3]

I just realized I claimed exempt on my W4 for my job that I started in October. I’m a single mom of 3 working 2 jobs but the second job is only when I want to work which is usually just once a weekend but that job I believe I claimed nonexempt cuz I’m getting FIT taken out. Will I owe the irs money for claiming exempt back in October? Also is it to late to switch to nonexempt on my W4 from my job I started in October?

[Momof_3]

Also I claim all my children every year if that helps

[VolvoGirl]

Yes give your employer a new W4 to have withholding taken out.  You might end up owing a tax due, you just have to fill out your tax return and see.  

[dwatson149]

Is it too late to fix it ? I accidentally filed exempt on one of my jobs W4 forms back in April of last year . I no longer work for this employer & when in the process of filing my taxes for 2021 I realized I owed and didn’t know why . Come to find out it was because I accidentally claimed exempt. Can I correct this issue before filing this year’s taxes ?

[VolvoGirl]

You can't fix the past.  If you owe on your tax return then you have to pay now.  Just make sure you have withholding taken out on your jobs now for next year's tax return.  Check your paychecks and with your employer.