IRS Publication 17

AAA

DEFINITION of 'IRS Publication 17 '

A document published by the Internal Revenue Service that outlines the rules governing the filing of federal income tax returns. IRS Publication 17 identifies who must file a tax return, the tax forms to use when filling out the return, how many exemptions a taxpayer can take, when the return is due and how to file the return itself. The publication helps taxpayers identify their filing status, whether they can claim dependents, what type of deductions are available and what credits are available to reduce tax obligations.

INVESTOPEDIA EXPLAINS 'IRS Publication 17 '

The document covers a broad set of topics, most of which are explained in further detail in other IRS publications. It does not cover business taxes for the self-employed, as those are covered in Publication 334 (Tax Guide for Small Business), Publication 535 (Business Expenses) and Publication 587 (Business Use of Your Home).

RELATED TERMS
  1. Income Tax

    A tax that governments impose on financial income generated by ...
  2. Deduction

    Any item or expenditure subtracted from gross income to reduce ...
  3. Audit

    1. An unbiased examination and evaluation of the financial statements ...
  4. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  5. Exemption

    A deduction allowed by law to reduce the amount of income that ...
  6. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
Related Articles
  1. Taxes

    Before You Visit Your Tax Preparer: Do This

    The earlier you start preparing your tax records and documents, the more likely you are to have a smooth tax return experience – and all the tax benefits you're due.
  2. Retirement

    Traditional IRA Deductibility Limits

    Find out where you can take a tax deduction on the contributions you make.
  3. Retirement

    Tax Tips For The Individual Investor

    We give you seven guidelines to help you keep more of your money in your pocket.
  4. Taxes

    Next Season, File Taxes On Your Own

    Master these fundamentals and you'll be doing your own taxes with minimal stress.
  5. Taxes

    An Overview Of Itemized Deductions

    Not taking the standard deduction this year could save you hundreds of dollars.
  6. Taxes

    Tax Deductions You May Be Missing

    Knowing the tax deductions you're entitled to can make or break your bank account.
  7. Taxes

    How To Cut Your Alternative Minimum Tax

    Save yourself money by lowering the amount of tax you owe.
  8. Taxes

    10 Money-Saving Year-End Tax Tips

    Getting organized well before the deadline will curb your frustration and your tax liability.
  9. Taxes

    Understanding The U.S. Tax Withholding System

    Understanding the origins of our tax withholding system is crucial to getting the most out of it.
  10. Taxes

    Tax Withholding: Good For Government, Bad For Taxpayers

    It's important to understand where that money coming out of your paycheck goes and why - after all, you earned it.

You May Also Like

Hot Definitions
  1. Asset Class

    A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same ...
  2. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  3. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  4. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  5. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  6. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
Trading Center