Biweekly Paychecks in 2013
“Extra Biweekly Paycheck in 2013”By Brian Sanders, UM Director of Payroll
If you are paid biweekly, there will be 27 biweekly paychecks during 2013. In most years, there are 26 biweekly paychecks. Please consult with your tax professional for how the extra biweekly paycheck may affect your tax planning for the year.
This entry was posted on Friday, January 18th, 2013 at 4:32 pm and is filed under 2013 - 1st Quarter.
Q: In which months will biweekly employees receive three paychecks (instead of the usual two paychecks in a month)?
A: January 2013, July 2013, and December 2013. The third paycheck in December will be issued one day early on Tuesday, 12/31/2013, due to the holiday on 01/01/2014.
Will that affect the number of paychecks in 2014. Will there be 25 or 26?
Sensible question! The answer is no. The number of biweekly paychecks in 2014 returns to the usual 26 paychecks, and it will remain at 26 paychecks per year for several years. The last time we experienced 27 paychecks in a single year was in 2002.