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Get your taxes done using TurboTax
Absolutely not. The W-4 is only used to determine your withholding. Nothing you say on the W-4 can change the taxability of your wages. Claiming exempt, when you are not, can result in a large tax bill plus a penalty when you file your return for failing to have sufficient withholding during the year.
March 6, 2021
5:55 AM