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What does it mean to claim exemption from tax withholding?
What does it mean to claim exemption from tax withholding? I'm filling out tax forms for my first job and I don't understand what it means to be exempt from tax withholding nor what tax withholding means at all. All the definitions are kind of unclear. I saw somewhere to only claim exempt if you make less than about $13,000 per year, is that total income or salary? I'm only working for the summer, so I ...
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