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Level 1
June 6, 2019
Solved

Can I still claim exempt?

  • June 6, 2019
  • 1 reply
  • 14 views

I've claimed exempt all year under the assumption that it was okay since I didn't anticipate any tax liability. That being said, I have three dependents to claim and only just recently READ that you aren't supposed to file exempt if you plan to claim dependents. What can I expect?

    Best answer by Critter

    One has nothing to do with the other ... however, on the W-4 it is unwise to ever claim exempt since there are serious fines involved if you do wind up having any tax liability ... the better choice is to increase the allowances on line 5 until you have no federal withholdings .. this will give you the same effect without any of the risks. 

    1 reply

    Critter
    CritterAnswer
    Level 15
    June 6, 2019

    One has nothing to do with the other ... however, on the W-4 it is unwise to ever claim exempt since there are serious fines involved if you do wind up having any tax liability ... the better choice is to increase the allowances on line 5 until you have no federal withholdings .. this will give you the same effect without any of the risks.