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.
The Office of Personnel Management (OPM) had offered eight months of severance for voluntary resignations
They absolutely have not.
They said it was possible but they have zero authority to even set an end date.
Like, even pretending we had a budget, OPM can not offer this. It’s like if the DMV told you that the IRS might give out $10k if you file taxes before January 1st.
They said it…
And maybe it’s true.
But it doesn’t mean anything, and parts of it really aren’t possible
OPM finally acknowledged it’s possible they might not get the funding to do this from Congress and then tried to compare it to getting furloughed. The mental gymnastics were Olympic level.
Good time to remind people to file your tax returns as soon as possible if you’re expecting a refund, and delay your return as long as humanly possible with extensions if you’re expecting a bill.
Just to add full context, if you owe money and fill an extension till October you could have to pay a 25% penalty on what you owe.
I was just thinking about this myself. These fuck sticks are going to break everything, and I have probably $10k coming back to me. I’m also thinking about changing my deductions on my paycheck so I’m not overpaying next year. I do it as a sort of forced savings account which I know is a bad idea in that it’s giving the government a free loan essentially, but I also know I’m not a saver, so I do it to get a nice windfall every April. I don’t trust this government to hold my money for a year.
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.
Sike!
Were you trying to type “Psych?”
Wait, I thought Elon and his DOGE cronies were in charge of monies now. What’s the IRS even for?
Debt collectors for doge
Sovereign wealth fund hasn’t been properly setup yet.
