This depends on the specific policies implemented by your employer and the laws in your state. For example, with a use-it-or-lose-it policy, you are technically forfeiting your PTO if you don’t use it by the end of the term. But with a “carryover with a cap” policy, you may carry over some PTO, but they will cap it, meaning you technically lose some of it. Knowing your company’s policies and your state labor laws can help to avoid the unwanted disappointment of losing valuable PTO.