Publication 17 - One Stop for Tax Help

Facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place - Publication 17, "Your Federal Income Tax."

This updated publication contains a vast array of helpful information in one guide.

From stock sales to student loans, this 280-page publication holds the answers to many of your questions, such as:

  • Need help deciphering the mysteries of the Roth IRA? Try Chapter 18 for retirement accounts.

  • Do you have a new child in the house? See Chapter 35 for the Child Tax Credit.

  • Are you selling stock for the first time? Check Chapter 17 for capital gains. If you're unloading losers, capital losses are there, too.

  • Do you need to report the profit on your home sale? See Chapter 16 for some good news. Generally, you only need to report the sale of your home if your gain is more than $250,000 ($500,000 if married filing a joint return).

The information contained in this publication is a good reference for you. As always, we encourage you to contact your tax preparer to answer specific questions about your situation.


This daily Tax Tip has been provided by the Internal Revenue Service.

You may like these other stories...

Camp Hopes Estate Tax Will Be on Its Way OutAn article in Bloomberg said that Republicans are considering voting this year to repeal the U.S. estate tax, according to House Ways and Means Chairman Dave Camp (R.-Mich.). He...
Senate Takes Different Approach from House for Highway and Bridge FundEarlier this week, according to a New York Times article, the Senate agreed to fill the coffers of the fund that pays for highway and bridge repairs with...
There it stands, your client's 100-year-old, rickety, vermin-infested barn or former hotel or whatever the darn thing once was. And she's considering what to do with it. There are two words that can help her decide...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.