This third and final installment of my “Understanding Your W-2” series will look at Boxes 14-20 of Form W-2.
Box 14 (Other): This box could report any number of items. For same-sex couples in Iowa, this box will report the amount of income reported in Box 1 for including a same-sex partner on health insurance. This box can also report the amount of contributions made to IPERS, amounts paid for union dues, or the amount of employer-provided tuition existence.
Boxes 15-17: These boxes report information to the state. Box 15 shows the state, and the state identification number of your employer; Box 16 shows the amount of taxable state wages earned; and Box 17 shows the amount of state income tax withheld during the year.
Boxes 18-20: If your city or county imposes an income tax, that information will be reported here. These boxes are not applicable to Iowans.
“This blog post, along with comments that may follow, should not be considered tax advice. Before you make final tax or financial decisions, please secure a professional tax advisor to give you advice about your unique situation. To secure Jason as your accountant, please click on the ‘Services’ link at the top of the page.”