Tag Archives: W2s

‘Dangerous’ and illegal tax advice on TikTok targets millennials and Gen Z with W-2s

‘Dangerous’ and illegal tax advice on TikTok targets millennials and Gen Z with W-2s

Viral TikTok posts are telling Americans to stop paying taxes by illegally exempting themselves from tax withholdings. The videos suggest that it’s possible to avoid paying federal taxes by selecting “exempt” on IRS Form W-4, or Employee’s Withholding Certificates. The videos urge viewers to reach out to their employers and request zero-dollar tax withholding, assuring that companies have to comply. The videos further imply that not having taxes withheld means not paying taxes — a false… Source link

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