A tax payer may  claim an exemption from with holding pn their w4 when they  Did not have a federal  income  tax liability  for the pior year and do not expect to have any liability  for the current  year  Dont not want  any tax qith held from a second job Experience  a life changing  situation  that will likely  result  in eligibility  for one ore more tax credit  Have considerable  amount of shelf employment or investment

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 40P
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A tax payer may  claim an exemption from with holding pn their w4 when they 

Did not have a federal  income  tax liability  for the pior year and do not expect to have any liability  for the current  year 

Dont not want  any tax qith held from a second job

Experience  a life changing  situation  that will likely  result  in eligibility  for one ore more tax credit 

Have considerable  amount of shelf employment or investment 

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