Question about my W-4 form regarding full-time student status

geno

Lifer
Dec 26, 1999
25,074
4
0
I seem to remember claiming exemption since I'm a full time student, does this still hold true? I see no mention of it on the W-4 I have to fill out... I want to make sure I do it correctly ;)
 

Ness

Diamond Member
Jul 10, 2002
5,407
2
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I always thought the exemptions are done on the yearly tax forms.
 

geno

Lifer
Dec 26, 1999
25,074
4
0
Actually,
Under the section that allows for me to claim exemtion says I qualify for it if "I had no tax liability last year" and "I expect to have no tax liability this year"...again, do I qualify for it if I'm a full time student? :confused:

I've filled out all my previous W-4's as exempt since I've always been a student, but I want to make sure I've been doing the correct thing... :)
 

kalster

Diamond Member
Jul 23, 2002
7,355
6
81
Originally posted by: geno
Actually,
Under the section that allows for me to claim exemtion says I qualify for it if "I had no tax liability last year" and "I expect to have no tax liability this year"...again, do I qualify for it if I'm a full time student? :confused:

I've filled out all my previous W-4's as exempt since I've always been a student, but I want to make sure I've been doing the correct thing... :)

bump for thread

working fulltime and studying full time too
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: geno
Actually,
Under the section that allows for me to claim exemtion says I qualify for it if "I had no tax liability last year" and "I expect to have no tax liability this year"...again, do I qualify for it if I'm a full time student? :confused:

I've filled out all my previous W-4's as exempt since I've always been a student, but I want to make sure I've been doing the correct thing... :)

Well, did you and do you? If yes to both, then claim it.
 

geno

Lifer
Dec 26, 1999
25,074
4
0
CPA - that's my question, am I exempt? I *am* a fulltime student. But my question is, does that qualify my for exemption?
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: geno
CPA - that's my question, am I exempt? I *am* a fulltime student. But my question is, does that qualify my for exemption?

Did you pay taxes last year?

Do you expect to pay taxes this year?

If the answer is no to both then you could claim exempt.