11/14/2019
Employees paid biweekly are paid 26 times a year. Except when they’re not. And they’re not every 11 or 12 years, when there are 27 biweekly pay periods. Employees paid weekly experience an extra pay period every five or six years. The 27th/53rd pay period phenomenon is real and can cause havoc if you’re not prepared.
11/14/2019
The good news, such as it is, is that the IRS can’t completely ditch withholding allowances, even though it’s dropped the word Allowance from the W-4, officially renaming it Employee’s Withholding Certificate. Here are our estimates of the 2020 withholding allowances.