topic I know I will be getting a refund this year and would like no more withholding in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739591#M617390 Can I simply update my w4 to show Exempt so that they wont take anymore federal taxes for the rest of the year.&nbsp;&nbsp;The 2020 W4 is confusing for me and I'm not sure how to reduce the amount but I figure exempt would do the trick.&nbsp;&nbsp;Just not sure If I'm supposed to do that. Mon, 02 Nov 2020 17:24:42 GMT eandjlivin2 2020-11-02T17:24:42Z I know I will be getting a refund this year and would like no more withholding https://ttlc.intuit.com/community/taxes/discussion/i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739591#M617390 Can I simply update my w4 to show Exempt so that they wont take anymore federal taxes for the rest of the year.&nbsp;&nbsp;The 2020 W4 is confusing for me and I'm not sure how to reduce the amount but I figure exempt would do the trick.&nbsp;&nbsp;Just not sure If I'm supposed to do that. Mon, 02 Nov 2020 17:24:42 GMT https://ttlc.intuit.com/community/taxes/discussion/i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739591#M617390 eandjlivin2 2020-11-02T17:24:42Z Re: I know I will be getting a refund this year and would like no more withholding https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739597#M617392 <P>No, you're not supposed to put Exempt. You don't meet the requirements for it. Use the <A href="https://www.irs.gov/individuals/tax-withholding-estimator" target="_blank" rel="noopener">Tax Withholding Estimator</A> on the IRS web site to figure out what to put on your W-4 form. It will let you adjust your withholding to get the approximate refund amount that you want.</P> <P><BR /><A href="https://www.irs.gov/individuals/tax-withholding-estimator" target="_blank" rel="noopener">Tax Withholding Estimator</A></P> <P>&nbsp;</P> Mon, 02 Nov 2020 17:37:07 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739597#M617392 rjs 2020-11-02T17:37:07Z Re: I know I will be getting a refund this year and would like no more withholding https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739603#M617394 <P>If you reduce your withholding now, be sure to adjust it again in January. If you keep your withholding very low (or zero) next year, you'll end up with a big tax bill at the end of the year.</P> <P>&nbsp;</P> Mon, 02 Nov 2020 17:40:24 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739603#M617394 rjs 2020-11-02T17:40:24Z
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topic I know I will be getting a refund this year and would like no more withholding in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739591#M617390
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Can I simply update my w4 to show Exempt so that they wont take anymore federal taxes for the rest of the year.&nbsp;&nbsp;The 2020 W4 is confusing for me and I'm not sure how to reduce the amount but I figure exempt would do the trick.&nbsp;&nbsp;Just not sure If I'm supposed to do that.
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I know I will be getting a refund this year and would like no more withholding
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https://ttlc.intuit.com/community/taxes/discussion/i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739591#M617390
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Can I simply update my w4 to show Exempt so that they wont take anymore federal taxes for the rest of the year.&nbsp;&nbsp;The 2020 W4 is confusing for me and I'm not sure how to reduce the amount but I figure exempt would do the trick.&nbsp;&nbsp;Just not sure If I'm supposed to do that.
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Re: I know I will be getting a refund this year and would like no more withholding
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https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739597#M617392
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<P>No, you're not supposed to put Exempt. You don't meet the requirements for it. Use the <A href="https://www.irs.gov/individuals/tax-withholding-estimator" target="_blank" rel="noopener">Tax Withholding Estimator</A> on the IRS web site to figure out what to put on your W-4 form. It will let you adjust your withholding to get the approximate refund amount that you want.</P> <P><BR /><A href="https://www.irs.gov/individuals/tax-withholding-estimator" target="_blank" rel="noopener">Tax Withholding Estimator</A></P> <P>&nbsp;</P>
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<pubDate>Mon, 02 Nov 2020 17:37:07 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739597#M617392
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<dc:creator>rjs</dc:creator>
<dc:date>2020-11-02T17:37:07Z</dc:date>
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Re: I know I will be getting a refund this year and would like no more withholding
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-i-know-i-will-be-getting-a-refund-this-year-and-would-like-no-more-withholding/01/1739603#M617394
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<P>If you reduce your withholding now, be sure to adjust it again in January. If you keep your withholding very low (or zero) next year, you'll end up with a big tax bill at the end of the year.</P> <P>&nbsp;</P>
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<pubDate>Mon, 02 Nov 2020 17:40:24 GMT</pubDate>
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