DawnC
Expert Alumni

Deductions & credits

Yes; you would need to update your W-4 form each year to indicate you are tax exempt, which I imagine you can do on that same self-service site.   

 

You can use the W-4 to declare yourself exempt from withholding, which means that your employer would not withhold any of your income to your federal income tax. You can claim an exemption from withholding if you had no income tax liability in the prior year and don't expect to have a tax liability in the current year.

 

The W-4 only tells what the employer to withhold for taxes.  If you put exempt on your tax return and you owe taxes at the end of the year, you will still have to pay the tax.  Also, if they are withholding taxes and at the end of the year, but you have no tax liability, you will get a refund of those taxes.  

 

How do I update my 2022 withholdings and print a new W-4?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"