Is there a tax difference between selling PTO and when my PTO is cashed out when I leave my company?
Is there a tax difference between selling PTO and when my PTO is cashed out when I leave my company? Located in Massachusetts where they have to pay any accrued PTO at the end of employment. My current employer uses 1 single bank for all time off. We have the option to sell up to 80hrs throughout the year but can only do so twice a year. Previously I would sell 40hrs in April and 40hrs in October. However this upcoming year, I may choose to dep...