Which of the following accurately describes the expiration of exempt status for a W-4 filed on February 15?

The correct choice indicates that the exempt status for a W-4 filed on February 15 expires at the end of the calendar year. This is based on IRS guidelines regarding the exemptions indicated by employees on their W-4 forms. When an employee claims an exempt status, it is valid only for the current tax year and requires renewal for each subsequent year.

Individuals who wish to maintain their exempt status must file a new W-4 by February 15 of the following year to claim exemption from Federal income tax withholding. If no new W-4 is filed, the IRS assumes that the exempt status no longer applies, and withholding will resume based on the standard tax tables.

This context provides clarity on why the expiration occurs at the end of the calendar year rather than immediately, after one month, or being determined annually in a different capacity. Understanding these timelines is crucial for proper tax withholding and compliance with IRS regulations.