What information do Boxes 16-20 on the W-2 provide?

Boxes 16-20 on the W-2 form are specifically designed to report state and local earnings, as well as the corresponding taxes withheld for those earnings. This includes the amount earned in various states where the employee may work and the amount of state and local tax that has been withheld from their paychecks throughout the year.

Understanding these boxes is crucial for preparing accurate state and local tax returns, as they provide necessary information that taxpayers need in order to ensure compliance with regional tax regulations. The details in these boxes help taxpayers determine the correct amount of state and local taxes owed or any refunds they might expect.

While other options refer to different aspects of tax reporting and benefits, they do not pertain specifically to the information found in Boxes 16-20 of the W-2 form. For instance, federal withholdings, dependent care benefits, and employer-provided health benefits are reported elsewhere on the W-2 or on different tax forms entirely.