I just had a large solar system installed and should be receiving about $40K in solar tax credit when I file next year (I paid much more tax than that in W2 withholdings so far this year). In order to have a bit more cash flow for the next 3 months I am wondering if I can/should change my employer W4 to EXEMPT for the rest of the year. I am a bit hesitant because of the wording on the form to fill out on my employer website, it says "I certify that I meet both these conditions.. in the prior year NO tax liability, ...." and so on. That's not true for me, instead it's because I will have a big credit and I'd rather not give the IRS a loan for the next 3 months. Should I ignore this wording and claim EXEMPT anyway? I would change it back of course, in January.
