Monday, January 5, 2009

IRS has a comprehensive tax guide Publication 17 for individuals on called "Your Federal Income Tax." It is updated with changes for 2008 including info on the new recovery rebate credit, new first-time home-buyer credit, and an additional standard deduction for real estate taxes. It gives info on how to file, what to include, how to calculate gains and losses, what kind of expenses can be reported, etc.

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