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Get your taxes done using TurboTax
Its the W4 form that the company has given to complete and return back to the company so that they can withhold taxes from the salary based on how the form is completed. Since the total salary is expected to be less than $4000 for 2023, I just wanted to confirm that the form should indicate the the child is exempt from Tax withholding. My understanding is that only Step1 (a and b) and Step 5 on the W4 that needs to be completed. If that is correct, how does one indicate tax exempt on the W4 form. Also keep in mind that child is a dependent on parent's tax filing and will continue to be for 2023 in onwards while still a student.
W4 form -> https://www.irs.gov/pub/irs-pdf/fw4.pdf
‎April 17, 2023
5:34 PM