Hi, thank you in advance for all the advice.
For 2026 this is my situation: I work a full time position, I will be reporting $94,500 on my W2.
I recently acquired a side job where I’ll be reporting $26,000 on a 1099
Random information you may or may not need.
– i do not have a business lic
– i do have mortgage interest write off
-i put 3% of my W2 in a 401k (Roth)
-have about $12,000 in charitable donations
-claim 0 on my I-9 for my W2 job
– single, no kids
-live and work in California
What all should I do or prepare for so I have the best outcome next tax season.
Posted by tativ008
5 Comments
You should get a CPA to prepare your taxes and make sure you are adequately paid in over the course of the year to avoid underpayment penalties.
Gather a list of your expenses for the 26k income and hire a CPA
What do you do for work or side hustle
Enter the numbers in freetaxusa and see what it says. It’s a good estimate.
What is “the best outcome” in your mind?