Accidentally marked 'exemption' on w4 for 2 months

Forum|Forum|1 year ago
June 20, 2024
1 reply
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I am a new immigrate and got my first job here from 22Apr2024. I just found out that I accidentally marked exemption on my w4...I already corrected it in the system today (20Jun2024) but I am worrying about if that will impact my tax file in 2025? Or will there be any panlity?

Not A Product Question

Best answer by NCPERSON1

if you are a Green Card Holder you are automatically a resident alien.

since you used the IRS estimator and corrected your W-4 based on the results, you should receive a small refund or owe a very small amount at tax time.

as long as you owe less than $1000 when you complete your tax return, there is no penalty for underpayment during the year.

xmasbaby0

Employee

Sounds like you corrected the problem pretty quickly. No, there will not be a penalty for that mistake. You might owe a bit more or get a smaller refund because of the smaller amount withheld but it should not cause a penalty. If you are a non-resident alien, you will not be able to use Turbo Tax at tax time.

If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:

https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Alice LiuAuthor

Thanks for the reply.

Yes I've updated my W4 and also withhold extra amount according to the IRS withholding calculator. If I had enough amount for the tax holding at some point of this year, will I still get a smaller refund?

I am a Green Card holder and I think i will be resident alien for the whole 2024 year.

NCPERSON1Answer

if you are a Green Card Holder you are automatically a resident alien.

since you used the IRS estimator and corrected your W-4 based on the results, you should receive a small refund or owe a very small amount at tax time.

as long as you owe less than $1000 when you complete your tax return, there is no penalty for underpayment during the year.