The IRS issues tax refunds when you pay more tax during the year than you actually owe. When you file exempt with your employer for federal tax withholding, you do not make any tax payments during the year. Without paying tax, you do not qualify for a tax refund unless you qualify to claim a refundable tax credit.
source https://blog.turbotax.intuit.com/tax-refunds/can-i-file-exempt-still-get-a-tax-refund-6695/
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