The IRS has placed its comprehensive free tax guide for individuals online.
Publication 17 has been updated with important changes for 2008, including information on the new recovery rebate credit, new first-time-home buyer credit, and an additional standard deduction for real estate taxes.
As in prior years, the publication provides information on how to file an individual tax return, what to include as income, how to calculate capital gains and losses, how IRAs and other expenses can affect how much income to report, whether to take the standard deduction or itemize, and how to figure taxes and credits.
It has been published annually by the IRS for more than 65 years and has been available on the IRS Web site since 1996.
Download Publication 17: Your Federal Income Tax : For Use in Preparing 2008 Returns (PDF, 299 p.).
Please help reduce the cost to government and save trees in the process by accessing it online. The bonus to you is that the PDF version is searchable and the online version contains more than 900 interactive links.
For those who do not have access to the Internet can call 1-800-829-3676 to request a free copy from the IRS.Printed copies will be available in January 2009.