Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
jadeforblake0222
New Member

Accidentally claimed exempt all year what will happen

 
1 Reply
Critter
Level 15

Accidentally claimed exempt all year what will happen

Well the year is not yet over so get that corrected ASAP ... do Single & zero allowances at least for the rest of the year ... you may even want to add an amount on line 6 of the W-4  if needed.

If you don't pay in enough thru the payroll system and/or estimated payments then you can be charged penalties & interest on the underpayment. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~