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There are strict requirements to claim Exempt, and the penalties are harsh if you do so incorrectly. Thus, it's better if you claim a large number of exemptions on your W-4 instead.
https://turbotax.intuit.com/tax-tools/calculators/w4/
State taxes may be different.
There are strict requirements to claim Exempt, and the penalties are harsh if you do so incorrectly. Thus, it's better if you claim a large number of exemptions on your W-4 instead.
https://turbotax.intuit.com/tax-tools/calculators/w4/
State taxes may be different.
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