W-4 - Allowances, Excess FICA, Students, Withholding
Question: As a full-time student, am I exempt from federal income taxes?
Status as a full-time student does not exempt you from federal income taxes. If you are a U.S. citizen or U.S. resident, the factors that determine whether you owe federal income taxes or must file a federal income tax return include:
- The amount of your earned and unearned income
- Whether you can be claimed as a dependent on another person’s tax return
- Your filing status, and
- Your age
If your income is below the amount of the filing requirement for your age, filing status, and dependency status, and no other filing requirement applies, you do not owe federal taxes on your income and you do not have to file a federal income tax return. Even if you are not required to file an income tax return, you may choose to file a return if you are entitled to a refund of withheld income tax or estimated tax, or you are eligible for a refundable credit. For more information on filing requirements, refer to Do I Need to File a Tax Return? and Publication 501, Exemptions, Standard Deduction and Filing Information.
See Form W-4, Employee's Withholding Allowance Certificate, and Can You Claim Exemption from Withholding on Form W-4? to determine if you may claim exemption from income tax withholding. Consider completing a new Form W-4 each year and when your personal or financial situation changes.
For related topics, see Tax Information for Students.
- Publication 17, Your Federal Income Tax for Individuals
- Publication 505, Tax Withholding and Estimated Tax
Category: IRS Procedures
Subcategory: W-4 - Allowances, Excess FICA, Students, Withholding