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condie91
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Working a normal hourly job for a typical company can i adjust my w-4 so that the IRS takes nothing throughout the year?

 
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Working a normal hourly job for a typical company can i adjust my w-4 so that the IRS takes nothing throughout the year?

You can by upping your W-4 exemptions to, say 10; but then you may owe at the end.  You may also be hit with a penalty/interest for underpayment of estimated taxes.

https://turbotax.intuit.com/tax-tools/calculators/w4/

Remember state and local taxes as well.

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2 Replies

Working a normal hourly job for a typical company can i adjust my w-4 so that the IRS takes nothing throughout the year?

Did you get all your withholding back last year?

Working a normal hourly job for a typical company can i adjust my w-4 so that the IRS takes nothing throughout the year?

You can by upping your W-4 exemptions to, say 10; but then you may owe at the end.  You may also be hit with a penalty/interest for underpayment of estimated taxes.

https://turbotax.intuit.com/tax-tools/calculators/w4/

Remember state and local taxes as well.

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