i worked febuary till may and then october till december i claimed exempt through october till december,but the beging of the year i had the max taken out. i want to know if i will have to pay back taxes for filing exempt.
2007-01-29 12:07:51 · 4 answers · asked by Anna A 1 in Business & Finance ➔ Taxes ➔ United States
Usually it will catch-up. So I'd stay on it.
2007-01-29 12:37:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Whether or not you have to file a return or pay any tax depends upon your total income, not how you filed your W4s.
If you are a single filer and earned $8,450 or more in 2006 you MUST file a tax return. If you earned less than that, you still must file to get a refund of any income taxes withheld from your pay.
2007-01-29 12:43:29 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You aren't likely to be penalized for filing exempt, but you might owe taxes when you file. You don't give enough info to answer that.
2007-01-29 12:35:08 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
yes,because the other 4 mths you have to pay taxes on.
2007-01-29 12:16:21 · answer #4 · answered by bearcat7522 1 · 0⤊ 2⤋