Comment on What's it going to take to truly stop the US?
LemmyKnowsBest@lemmy.world 5 days agoYou mean the box we can check “exempt from withholdings”?
I checked it once for a job I had sometime within the last 15 years., but the IRS obviously ignored it.
Rivalarrival@lemmy.today 5 days ago
You can do that, or you can falsify your calculations, claiming more dependents than you actually have, reducing your withholding.
You can also go the contractor route, operating as a separate business rather than an employee. 1099 income has no withholding.
People use “exempt from withholding” on a W4 when the majority of their income is from contracting or self-employment and they file their own quarterly estimates.