Updating your IRS W-4 form to “exempt” at least one pay period before the bonus check hits, then changing it back. PGP.
======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ==== ======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ====
Respond
Is this even legal…?
You’re allowed to adjust your W4 at any time during the year. Given that most people get a refund, why not adjust it halfway through the year once you have paid your share instead of giving Uncle Sam that free loan he likes? If you’re scared to go full “exempt”, try bumping up the number of exemptions first. Enjoy your extra cash.
I think we’re talking about two different exempts here.