Can I work 40 hours and still file exempt, and not get in trouble? I owe money on my last tax return. Also by me wanting to file exempt, will I be ok with doing long as I change it back to non exempt within a short period of time ?
You'll need to sign in or create an account to connect with an expert.
Do NOT claim Exempt. However, you can increase the number of exemptions on your W4 form to, say, 10.
Your prior tax debt is not going to go away. And if you end up owing 2016 as well, you could be subject to additional penalties and interest. Also note that the IRS can attach your paycheck and/or bank account.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
richardm75
New Member
1099erGirl
Level 3
4taxhelp
New Member
annmarriott1
Returning Member
ChrissyO
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.