Employee stock purchase plans (ESPPs) allow employees to buy discounted company shares through payroll deductions. While they can be beneficial, it's crucial to understand the rules and risks before opting in. Consider factors like tax treatment, contribution limits, and market performance. Some ESPPs offer significant discounts and flexible purchase options, while others may have stricter rules. It's essential to carefully review the plan documents and weigh the pros and cons before making a decision.
The federal income tax deadline is April 15th, but some taxpayers in disaster-hit areas have until June 17th. Several free tax-filing options are available, including the IRS Direct File and Free File programs. Consider claiming tax credits and deductions to reduce your tax bill. Remember, if you contributed to a retirement account or an HSA in 2023, you can still make contributions until the tax deadline to potentially lower your tax liability.
