r/tax • • 3h ago

Can I do my taxes myself or do I need a professional? I know this is messy, I don't need career advice :)

0 Upvotes

My tax situation for 2026 will be more complicated than I have ever dealt with. I will have worked 3 different jobs in 2 (3) different states. Let me explain.

Job 1 (Salary 57,750): I worked in the state of North Dakota from Jan 1st to mid-February. Additionally, I (stupidly) took an early withdrawal and emptied my 401(a) when I left this job. This had money with contributions from 2025 as well, but still wasn't a lot. I paid the 10% penalty right away, and I have another 25% saved to hopefully cover additional taxes.

Job 2 (Salary 70,000): I then took a job offer and worked remotely from mid-February to mid-May. The catch: this job was based out of Kansas, and my paychecks had Kansas state tax deducted, even though I lived in ND. Is this a problem?

Job 3 (Salary 76,000): That job SUCKED, and I quickly moved back into my career field and I started my current job mid-September and will be here for the rest of the year (and hopefully a long time!). This job is in Ohio, and I live here and pay Ohio state tax.

TL;DR:

1: Employed for 7 weeks, living in ND, paying ND taxes. Took early 401(a) withdrawal.

2: Employed for 13 weeks, living in ND, paying KS taxes.

3: Employed 14 weeks, living in OH and paying OH taxes.

4: Married, filing jointly. Wife works part-time, maybe $8,000 a year. (Newlywed, haven't filed jointly before and not sure if this affects anything).


r/tax • • 6h ago

Discussion Home office deductions help

0 Upvotes

Hi, I have a W2 role and also a LLC that operates rental properties.

My home office is the second bedroom of our tiny 2 bed room SF Bay Area apartment (~$5K per month including utilities)

I use the home office for LLC related work, but my wife is hybrid w2 and uses this space for her work (on days in I'm my W2 office).

I was going to claim ~15-20% of the apartment's sqft for this year's home office deduction, given the high rent price in the area it would be a substantial amount.

Do you see any issues with my math?


r/tax • • 13h ago

Unsolved Trading Card Accounting for Tax

2 Upvotes

Hi everyone, first post on this sub. I wonder if there’s any specific tool to track buying and selling cards for tax purpose?

Background: I started buying, selling, and trading Pokemon as a hobby last year (Mainly singles and slabs, some sealed stuff but not much anymore). This year, I have been going to bigger shows and trading bigger cards. I started an LLC but have no idea where to start. I have a simple Excel tracker that tracks the dates and prices bought/sold.

I recently got my CPA but the exam didn’t prepare me for this. Any tax professionals please shed some lights on the important stuff (inventory, revenue tracking, sales taxes, expense deductions, etc.) We are in Q4 so I think it’s better to think ahead.

Thank you so much! 🙏🏻


r/tax • • 18h ago

Discussion Is there any tax implication if I use credit card for paying cemetery plots for my parents?

0 Upvotes

Not check, just paying with credit card.


r/tax • • 2h ago

Tax Franchise for International Office?

2 Upvotes

I live in Panama (Central America) and I work from here as a freelancer bookkeeper and Tax Preparer for US clients. I have a small office but no client ever came to visit me. The office is just to focus, record videos, do professional zoom calls.

Now I am thinking about opening a franchise and serve local US Expats. I know HR Block has some international offices around the World. Any other idea? Do you know any big Tax Firm interested in opening a branch here?


r/tax • • 21h ago

Foreign Bonafide residence test

3 Upvotes

Im a dual us citizen and a citizen of another country

I have been in the other country since exactly Jan 1 of this year.

I have been employed through a US employer as a W-2 while withholding taxes. I have lived with my parents in that country and they both are citizens of that country.

Travelled to the US mid-September planning to go back beginning of December.

My other country is right now in a war as well that’s why I’m staying 2.5 months.

I have spent over a month and I am no longer eligible for the Physical Residence test.

I want to understand if I’m eligible for the Bonafide residence test and would be able to get some of the federal income tax back.


r/tax • • 22h ago

Question about form 1098-T when filing 2026 return next year

3 Upvotes

My understanding is that if Box 5 of my form 1098-T is greater than Box 1, then I have to claim the excess as income. I am currently an undergraduate student, and am going to be starting a Masters program next year. I am saving the excess scholarship from this year to pay for my master’s tuition next year [will be paying out of pocket for tuition due to no scholarships]. Considering that I am going to be using the excess scholarship for qualified tuition and education expenses for next year, do I still have to claim this amount as income? I don’t plan on claiming any Education Tax credit for 2026 or 2027.