Comments on: The Magical Third Paycheck

By: Chris Petrie

Chris Petrie — Wed, 15 Sep 2021 21:19:22 +0000

In reply to Nancy. They can be held, but you would need to contact your HR department and set that up. Honestly, I am not a fan of doing this for a few reasons: 1. You may forget to switch it back and then owe the IRS a lot of money come tax season and 2. You are going to pay taxes either way...so if you don't pay them now on your 3rd check then you're going to pay them later when the taxes are due.

By: Nancy

Nancy — Wed, 07 Jul 2021 17:27:40 +0000

Are taxes withheld on the third paycheck? I have heard that the only taxes withheld are for Medicare, but I’m not too sure?

By: Mara

Mara — Sat, 21 Apr 2018 16:25:00 +0000

I love this article! I switched from bimonthly to biweekly about 6 months ago and am coming up on my first 3-paycheck month in June! I was asking a coworker if we got an “extra” check and she looked at me like I had three heads ?

This time it will go back to replenish savings and a big ol’ credit card payment and next time I’m planning to use it for dental work and loans!

By: sad mom

sad mom — Mon, 09 Apr 2018 18:22:59 +0000

In reply to Alfred.

well if you get paid every 2 weeks they will take that amount 3 times instead of 2…example.I was to pay 500 a month and my ex got 750….

By: Chris Peach

Chris Peach — Sun, 31 Dec 2017 17:46:10 +0000

In reply to Crystal St John. I'm not sure, it depends on your insurance plan. It's definitely worth a quick question to HR!

By: Crystal St John

Crystal St John — Thu, 28 Dec 2017 08:50:51 +0000

Do you know if health insurance is supposed to come out of the 3rd paycheck. Looking back over this year, I noticed that medical, dental and vision came out of both of my 3rd paychecks, so I didn’t know if it was something I should bring up to HR.

By: Chris Peach

Chris Peach — Mon, 16 Oct 2017 22:35:10 +0000

In reply to Destinee. No. This actually only applies if you get paid every two weeks, not on the 1st and 15th.

By: Destinee

Destinee — Sun, 15 Oct 2017 02:48:29 +0000

My husband is paid on the 1st and the 15th every month does this apply to him? I don’t think I’ve noticed an extra check

By: Chris Peach

Chris Peach — Fri, 11 Aug 2017 22:30:07 +0000

In reply to Kelli. Hi Kelli, Sorry to hear about your husband. I'm sure there are still things you can do to improve your finances. Have you started your first budget yet? That's really the key to getting started.

By: Kelli

Kelli — Thu, 10 Aug 2017 15:32:29 +0000

Hello. My husband and I have made some very poor financial management mistakes throughout our time together and now we want to change. Only thing is our income is limited to a degree since my husband is disabled. Any info or advice would be greatly welcomed.