Post-Election Year-End Financial Planning: myStockOptions Provides Updated Guidance

Year-end is a key time for financial and tax planning, especially for the millions of employees who have stock compensation or holdings of company shares. However, the 2020 election presents uncertainty about the future of tax laws that affect financial- and tax-planning strategies.

To help, myStockOptions.com provides education and guidance on major issues, choices, and innovative financial-planning strategies for the end of 2020 and the start of 2021. This content is available in the website’s section Year-End Planning and through content licensing.

Financial planning at year-end 2020 is more important than ever for employees with equity compensation who are:

– evaluating whether to exercise stock options
– planning to sell shares acquired from restricted stock, restricted stock units, or an employee stock purchase plan (ESPP)
– donating company stock to charities

Multi-year planning for income from stock compensation and stock sales is especially crucial. “You can control the timing of stock sales and option exercises, and you know when restricted stock/RSUs will vest,” observes Bruce Brumberg, the Editor-in-Chief of myStockOptions.com. “Employees with equity grants, employee stock purchase plans, and company shares should be aware of the 2020 and 2021 thresholds for higher tax rates on compensation income and capital gains, the additional Medicare tax on compensation income, and the Medicare surtax on investment income.”

Mr. Brumberg adds: “The standard year-end-planning strategy is to defer income into the next year and accelerate deductions into the current year. But tax planning for year-end 2020 could be different, depending on the outlook for tax legislation in 2021.” To help, a new article at myStockOptions presents insights from financial advisors and tax pros on ways to think about tax strategies after the 2020 election: Post-Election Year-End Planning: What Financial Advisors And Tax Pros Are Advising Clients About Uncertain Tax Changes.

Disclaimer: The news site hosting this press release is not associated with myStockOptions.com. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the information, product or service. Please refer to a tax attorney or CPA for tax advice.

About myStockOptions.com

With award-winning content and tools, myStockOptions.com is an independent and unbiased source of expertise on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. We specialize in making complex stock compensation topics clearly understandable and relatable, in plain English and with an engaging style. Our audience includes:

– stock plan participants
– financial planners, wealth advisors, and CPAs
– professionals in stock plan administration, human resources, compensation, and finance
– attorneys, corporate counsel, and other members of legal staff

In addition to individual memberships, we also offer corporate services.