W4 withholding question

Hello, so I’m wondering about changing my W4 at work so that I am exempt from getting taxes from being taken out throughout the year. I work a lot of overtime so a lot of unnecessary tax gets taken out. Are there any consequences/other feedback that I should know about other than the fact that I would be paying in come tax time? I work in New York State(not NYC) so I was wondering about doing the same with my IT-2104 as well.