Students are not exempt from paying tax, so no, you do not say you are exempt. Claiming to be "exempt" when you are not can cause problems for you. If you are a W-2 employee, the employer will withhold Social Security and Medicare from your wages. If your gross income is less than the standard deduction amount, you will not have federal tax liability, so very little will be withheld from your pay for ordinary federal tax. You do not say what state you are in; depending on your state you could have a state tax liability.
Use the W-4 tool to prepare a W-4 for your employer.
https://turbotax.intuit.com/tax-tools/calculators/w4/
https://www.irs.gov/individuals/tax-withholding-estimator
https://www.irs.gov/pub/irs-pdf/fw4.pdf
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
