Is It Better to Take PTO or Cash Out?

The Pros and Cons of Cash Out Policies

If you're like many of us, you work too hard and don't take nearly enough time off.

Maybe your company allows some of your vacation time to be carried over into the next year.

Or possibly your employer operates under a use-it-or-lose-it PTO policy.

If you're one of the lucky ones, you may have the option of cashing out your PTO.

But which one is best?

If you're wondering, “Is it better to take PTO or cash out?” you've come to the right place.

Here, we’ll cover all things PTO and give you the information you need to make the best decision about how to spend yours.

Table of Contents

• Can I Cash Out My PTO?

• Understanding Your Company’s PTO Cash Out Policy

• 3 Examples of When Cashing Out Can Be Beneficial

• When Is it Better to Take PTO vs. Cash Out?

• Is it Bad to Cash Out PTO? Potential Drawbacks to Cashing Out PTO for Employers & Employees