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The term has a specific meaning in tax law: Federal, state, and local governments create them to provide a benefit to specific people, businesses, or other entities in special situations. Those who are entitled to them save on taxes.
Where I work, starting in November, there is an option to start working as much overtime as you want 10, 12, or 14 and 7 days a week of you want. Now I bought a newish car a year and a half I still owe 14k on it and I would like to pay it off asap.
Since I am not in any major debt or have any responsibilities( school, family, etc) I can work 7 day 10 hour shifts for November and December. If I can file tax exempt for the last 2 months of the year and almost pay off my car. Now my question is should I go Fit exempt( what it says on my employers website), would I face any trouble from the irs( I have been paying in on my taxes all year)
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