Not normally. However, if you claimed EXEMPT from withholding in 2006, you would have to file a new W-4 by Feb 2007 if you wished to claim the same status in 2007. Most taxpayers can't claim EXEMPT from withholding so that probably won't affect you.
If anything relative to your tax situation changes you should update your W-4, and it's a good idea to review it annually just to be safe.
2007-06-27 04:52:02
·
answer #1
·
answered by Bostonian In MO 7
·
1⤊
0⤋
If someone claims exempt, they have to fill out a new one each year. Other than that, they fill out one when they start with a new employer, and that stays in effect without being renewed unless the employee wants to change something.
2007-06-27 15:04:26
·
answer #2
·
answered by Judy 7
·
0⤊
0⤋
in case you have not have been given greater suitable than $3 hundred in unearned earnings (interest and stuff like that) you heavily isn't required to record till you total earnings exceeds $5,one hundred fifty. consequently no another than the thousands and thousands of Yahoo purchasers will ever understand. i don't think right here observe from the style W-4 applies to you simply by observe "and" between the $850 / contains. observe. you won't be able to declare exemption from withholding if (a) your earnings exceeds $850 and contains greater suitable than $3 hundred of unearned earnings (case in point, interest and dividends) and (b) yet somebody else can declare you as a based on their tax return.
2016-12-08 19:59:36
·
answer #3
·
answered by ? 4
·
0⤊
0⤋
No, but if you got alot of money back or paid alot of money you may want to fill out a new one and raise or lower your deductions a bit. Don't go over 10 deductions no matter what - its an IRS red flag.
2007-06-27 04:32:11
·
answer #4
·
answered by Slumlord 7
·
0⤊
2⤋
No. Only if you want to change the number of deductions.
2007-06-27 04:29:07
·
answer #5
·
answered by words_smith_4u 6
·
1⤊
0⤋
no
2007-06-27 04:47:09
·
answer #6
·
answered by Anonymous
·
0⤊
0⤋
no
2007-06-27 04:29:33
·
answer #7
·
answered by skcs11 7
·
1⤊
0⤋