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US workplace terms

83(b) election

A US tax filing, due within 30 days of receiving shares that will vest, choosing to be taxed on their value now rather than as they vest. It can save a lot of tax if the shares grow, and the deadline is strict.

A plain-English explanation of how this usually works in the US, not legal, tax or financial advice. Rules differ between states and change over time, so check your own situation. Disclaimer.

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File your 83(b) election within 30 days, or it's too late.

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