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Get your taxes done using TurboTax
Hi, @jmc23 ! You are correct that the long-term capital gains rate is advantageous. The actual rate varies based on your taxable income. You must hold them for longer than one year from the vesting date in order to qualify.
As to adjusting your W-4, this won't have any impact on your overall tax liability. However, since selling the RSUs may generate additional taxable income, you may want to have more withholding to help cover this. Our free W-4 Calculator might be very helpful to you in making that decision. Hope this helps!
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May 24, 2023
10:41 AM