DMX is out of jail … posting $500k bond after he was charged with multiple counts of tax evasion, TMZ reports.

Nicholas Biase, a spokesman for the U.S. District Attorney’s Office, tells TMZ … the rapper pled not guilty to 14 counts of tax evasion. He needed 2 co-signers to pony up the bail.

DMX has been slapped with travel restrictions that will require him to stay close to home … in the NYC area. He’ll also be under strict drug testing, and can’t carry any firearms while on bail.

TMZ reports that the court will decide at a future hearing if X can leave the NYC area for work purposes.

TMZ broke the story … DMX surrendered to the feds after prosecutors said he hid several years worth of income and now owes the IRS nearly $2 million.

tagged in Bail, DMX