[shostack]

Can you elaborate or point to any references on how this works? Does this essentially mean if I have some amount of options I want to exercise, and the combined total of that + my income is <$500k, I don't need to pay taxes on the options at all?

[dpiers]

I believe they're mistaken - 500k/1MM are the new exemption phaseout points.

[shostack]

So how does it actually work though? I'm not really familiar with this stuff, so any basic info or good links to learn more would be much appreciated.