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View Full Version : I accidentally checked exempt on my w4, what now?


JLEMTAgirl
Oct 21, 2011, 10:54 AM
I accidentally checked exempt on my W4 but luckily I caught it 5 months into the new job and it's the beginning of Novemeber. Should I have extra money pulled out of each check, or should I just pull it out myself and put it ina savings, or will it sort of cancel itself out?

ScottGem
Oct 21, 2011, 01:44 PM
I would file an estimated payment in January. If you are underwithheld, you could incur a penalty.