What Is IRS Publication 463: Travel, Gift, and Car Expenses? IRS Publication 463: Travel, Gift, and Car Expenses explains the expenses associated with business activities that an individual taxpayer can deduct to reduce their overall taxable income. The document primarily focuses on expenses for sole proprietors reporting business income on Schedule C. It also applies
What Is IRS Publication 501? IRS Publication 501 is published by the Internal Revenue Service (IRS) that covers tax exemptions and the amount of the standard deduction. This informational document also explains who must file a tax return and what filing status should be used, as well as information on dependents and how to account
What Is IRS Publication 503: Child and Dependent Care Expenses? IRS Publication 503 is a document published every year by the Internal Revenue Service (IRS) laying out the criteria that must be met for an American taxpayer to claim the Child and Dependent Care Credit. A child and dependent care expense could be anything paid
What Is IRS Publication 517? IRS Publication 517: Social Security and Other Information for Members of the Clergy and Religious Workers is a document published each year by the Internal Revenue Service detailing the ways that those who work in or perform services for religious organizations and orders are required to file their income, Social
What Is IRS Publication 519? IRS Publication 519 is the U.S. Tax Guide For Aliens, a document the Internal Revenue Service (IRS) publishes that details the tax procedures for aliens, individuals that are not citizens of the United States. Not all aliens are subject to U.S. taxes. Resident aliens, those who have been in the country
What Is IRS Publication 525? Publication 525, Taxable and Nontaxable Income, is a document published by the Internal Revenue Service (IRS) detailing what types of income taxpayers should consider taxable or nontaxable when filing tax returns. A taxpayer’s income can come from a number of sources other than regular employment. Income can be in the
What Is IRS Publication 527? IRS Publication 527, Residential Rental Property, is a document published by the Internal Revenue Service (IRS) that provides tax information for individuals who own residential properties that are rented out for income. Typically, all income earned from rental properties is reported to the IRS, though the type of rental activity
What Is IRS Publication 529 (Miscellaneous Deductions)? IRS Publication 529, or Miscellaneous Deductions, is a document published by the Internal Revenue Service (IRS) detailing miscellaneous expenses that could previously be reported as itemized deductions on Schedule A of Form 1040 or Form 1040NR. The deduction was calculated by subtracting 2% of the adjusted gross income (AGI)
What Is IRS Publication 530? IRS Publication 530 is a tax document for homeowners that details how tax filers should treat costs related to owning a home. It provides valuable information on how to manage mortgage interest, closing costs, taxes, capital gains, and repairs. When consulting this document, be sure you have the most up-to-date
What Is IRS Publication 535? IRS Publication 535 refers to the Internal Revenue Service (IRS) tax document that provides guidance on what types of business expenses are deductible when filing a tax return. IRS Publication 535 covers the rules for deducting business expenses and outlines the most common items that taxpayers deduct. In order to be deductible, a business
