Yes I’ve done it. No it didn’t cause any problems

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Apr 16, 2024
10:30:59pm

maxpowers All-American

Yes I’ve done it. No it didn’t cause any problems

Report problem with this ad

maxpowers

Bio page: maxpowers
Joined: Sep 22, 2010
Last login: May 20, 2024
Total posts: 36,666 (6,349 FO)

Report problem with this ad

Messages

Author

Time

Has anybody here ever claimed 99 exemptions on w4?

cougarBee

Apr 16, 10:24pm

I've got 99 exemptions and a bonus ain't one

yahtzee

Apr 16, 10:25pm

An audit of what? You'll pay all the taxes regardless.

Apr 16, 10:27pm

Yes I’ve done it. No it didn’t cause any problems

maxpowers

Apr 16, 10:30pm

Bonuses are withheld at a fixed rate (~40%), W-4 is irrelevant

Apr 16, 10:41pm

I’ve done it before by claiming exempt just before the bonus and the switching it back to normal withholdings after.

RoamingCoug

Apr 16, 11:35pm

Only if you have a Luftballoon for each one.

Florwood

Apr 17, 12:11am

Been awhile since you filled out a W4?

willkie40

Apr 17, 6:08am

Circular C has 22% bonus withholding rate for Federal. add 7.65% FICA would be

Acorn

Apr 17, 6:31am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad