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New Member
posted Jun 4, 2019 5:56:49 PM

I’m 18 years old and i accidentally claimed exempt on my taxes for my new job. Can that be fixed or will i have to pay regardless? this never happened to me at other jobs

i have technically been getting taxed, but on box 2 i have $8.43. i live on my own and work full time now but i never noticed i was “exempt” because i was getting taxed either way. i’ve had 3 jobs before this and this has never happened. can this be fixed or will i have to pay the IRS regardless? 

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5 Replies
Level 15
Jun 4, 2019 5:56:50 PM

If you owe federal income taxes on you federal tax return those taxes have to be paid.
Complete a new W-4 with your employer, if not already done, to adjust your allowances.

Alumni
Jun 4, 2019 5:56:52 PM

Since they didn't withhold taxes and pay it in for you throughout the year, if you end up owing on the tax return, you'll have to pay that by April 15th 2019.

Level 15
Jun 4, 2019 5:56:53 PM

You could pay early, I suppose, but there isn't any other "fix."

Level 15
Jun 4, 2019 5:56:54 PM

If you end up owing too much you may get a bill from the IRS for a penalty based on when they get your tax due payment.

Level 15
Jun 4, 2019 5:56:55 PM

"Exempt" only stops withholding.  It does not change the amount of tax you owe.  Your tax is calculated on your tax return, and if you had less withholding than your tax bill, you owe the difference in the form of a check or electronic payment due by April 15.