“How can I reduce the amount I owe the government in taxes?” That’s the question on many a taxpayer’s mind as the April 15 filing deadline approaches.
For people who are participating in a employer-sponsored retirement plan and whose plan assets include stock in the company that employs them, capitalizing on a provision in the federal tax code pertaining to the tax treatment of appreciation in the value of company stock held in a retirement plan may substantially reduce their tax tab.