I am a new immigrate and got my first job here from 22Apr2024. I just found out that I accidentally marked exemption on my w4...I already corrected it in the system today (20Jun2024) but I am worrying about if that will impact my tax file in 2025? Or will there be any panlity?
You'll need to sign in or create an account to connect with an expert.
if you are a Green Card Holder you are automatically a resident alien.
since you used the IRS estimator and corrected your W-4 based on the results, you should receive a small refund or owe a very small amount at tax time.
as long as you owe less than $1000 when you complete your tax return, there is no penalty for underpayment during the year.
Sounds like you corrected the problem pretty quickly. No, there will not be a penalty for that mistake. You might owe a bit more or get a smaller refund because of the smaller amount withheld but it should not cause a penalty. If you are a non-resident alien, you will not be able to use Turbo Tax at tax time.
If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:
https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html
Thanks for the reply.
Yes I've updated my W4 and also withhold extra amount according to the IRS withholding calculator. If I had enough amount for the tax holding at some point of this year, will I still get a smaller refund?
I am a Green Card holder and I think i will be resident alien for the whole 2024 year.
if you are a Green Card Holder you are automatically a resident alien.
since you used the IRS estimator and corrected your W-4 based on the results, you should receive a small refund or owe a very small amount at tax time.
as long as you owe less than $1000 when you complete your tax return, there is no penalty for underpayment during the year.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Alice Liu
Level 1
Galvanalan67
Level 2
Hello_TaxWorld
New Member
ninjaBaristas
Level 1
ca0
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.