(TMZ) - 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 decided 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.

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