IRS Employees Who Took Trump 'Buyout' Ordered to Stay, Told Their Work Is Too 'Essential'
www.latintimes.com
Internal Revenue Service (IRS) employees who accepted the Trump administration's buyout and opted for deferred resignation have been asked by their employers to continue working for a few months due to the "essential" nature of their jobs.

Summary

IRS employees who accepted the Trump administration’s buyout offer have been told they must continue working until May 15 because their roles are deemed “essential.”

The Office of Personnel Management (OPM) had offered voluntary resignations and warned of future downsizing for those who stayed.

Uncertainty now surrounds the offer’s implementation, sparking frustration among employees.

The National Treasury Employees Union criticized the move, arguing it proves IRS workers are vital, especially during tax season, and that federal job cuts risk harming public services.

  • empireOfLove2@lemmy.dbzer0.comEnglish
    0·
    2 days ago

    Definitely change your deductions ASAP. Never loan the government free money, because you could be earning your own interest on that money and come out ahead.

    Consider setting up a savings account at your bank or credit union that allows automatic scheduled transfers. Set up a transfer that’s scheduled for every paycheck date that is a couple hundred dollars so you don’t even have to think about it. Then every 6mo or so, take what you have in that savings account and put it into a CD so it earns real interest and not the .05% crap most savings accounts provide (and also time locks it so you dont “accidentally” spend it.) That’s the bare minimum.

    If you have a employer sponsored 401k or similar retirement account, increase your roth IRA post-tax deductions. I wouldn’t put all your savings into it though, because it’s not accessible cash in case of emergency- but at least put enough in to have something earning ROI, or to take advantage of an employer safe harbor match.

    • OutForARip@lemmy.ca
      0·
      2 days ago

      The cents of interest is not worth losing access to a non-accessible savings account.

      Your advice is great for someone with lots of disposable income, not great for those living pay check to pay check.

        • FloMo@lemmy.world
          0·
          1 day ago

          I think they were specifically referring to “CD” account, which generally speaking pays more interest than a standard savings account but requires a commitment where you cannot access the funds for a fixed amount of time 6 months, 12 months, etc)