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Unlocking the mystery of taxes on employer-issued nonqualified stock options

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November 13, 2024 , ,

non-qualified stock options

Unlocking the mystery of taxes on employer-issued non-qualified stock options

Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked for start-up companies or fast-growing enterprises.

We’ll explain what you need to know about the federal income and employment tax rules for employer-issued nonqualified stock options (NQSOs).

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6 tax-free income opportunities

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September 3, 2024 , , , , ,

tax-free income opportunities

Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal income tax implications:

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How are Series EE savings bonds taxed?

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July 23, 2024 , , ,

Series EE saving bond tax

Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to 2011, they were designated as “Patriot Bonds” as a way for Americans “to express support for our nation’s anti-terrorism efforts,” according to the U.S. Treasury Department.
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The tax consequences of selling mutual funds

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June 16, 2024 ,

sell mutual funds

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute, 116 million individual U.S. investors owned mutual funds in 2023. But despite their widespread use, the tax rules involved in selling mutual fund shares can be complex.

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A three-step strategy to save tax when selling appreciated vacant land

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May 21, 2024 ,

land sale

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill.

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If you didn’t contribute to an IRA last year, there’s still time

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February 20, 2024 , ,

IRA Contribution

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2024, filing date and benefit from the tax savings on your 2023 return.

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Key 2024 inflation-adjusted tax amounts for individuals

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November 21, 2023 , , ,

2024 tax adjustments

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.

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Investment swings: What’s the tax impact?

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September 12, 2023 , , ,

investment taxes

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know to avoid tax surprises.

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Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

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July 11, 2023 , ,

estate tax basis planning

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.

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Reduce the impact of the 3.8% net investment income tax

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June 6, 2023 , ,

net investment income tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some ways you may be able to reduce its impact.

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