Only if you have a Luftballoon for each one.

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Apr 17, 2024
12:11:48am

Florwood All-American

Only if you have a Luftballoon for each one.

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Florwood

Bio page: Florwood
Joined: Mar 10, 2010
Last login: Jun 13, 2024
Total posts: 26,817 (74 FO)

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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

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