Best Money Moves to Make Before Dec 31, 2025

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Best Things to Do With Your Money Before Dec 31, 2025 Best Things to Do With Your Money Before Dec 31, 2025 TL;DR Summary December 31 is a hard cutoff for many U.S. tax, credit, and banking rules. A short year-end checklist can still prevent avoidable taxes, fees, and interest. Most actions are about timing and review—not making risky financial moves. In the United States, December 31 carries unusual weight in personal finance. Many financial rules follow the calendar year, not personal circumstances. Miss the deadline, and the opportunity is often gone for good. That’s why searches for “before December 31” surge every year. People are not chasing complex strategies—they are trying to avoid losses caused by timing. This checklist focuses on realistic, last-window reviews that may still make a difference before 2025 ends. 1) Review Tax Moves Locked to the 2025 Calendar Year Some tax-related actions are tied strictly to ...
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2025 Standard Mileage Rate: 70¢/Mile Rules Most Drivers Miss

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2025 Standard Mileage Rate: 70¢/mile — What Counts & How to Log It

TL;DR Summary
  • The IRS 2025 standard mileage rate for business driving is 70¢ per mile.
  • Only true business miles count — commuting and personal trips don’t.
  • Audit-proof logs require dates, destinations, purpose, and miles.

If you drive for work — whether you’re self-employed, a gig worker, or a small-business owner — the standard mileage deduction can significantly reduce your taxable income.

However, claiming the mileage deduction isn’t automatic. Only qualifying miles count, and your records must be solid to withstand IRS scrutiny.

What Is the 2025 Standard Mileage Rate?

For tax year 2025, the IRS standard mileage rate for business use is 70¢ per mile.

  • 70¢ per mile for business driving

Which Miles Count (and Which Don’t)

  • Business miles
  • Commuting miles (not deductible)
  • Mixed-purpose trips (business portion only)

Who Benefits Most from the 70¢ Rate

  • Gig workers
  • Sales professionals
  • Small-business owners
  • Real estate and insurance agents

12,000 miles × $0.70 = $8,400 deduction

Standard Mileage vs. Actual Expense Method

  • Standard mileage: Simple, all-inclusive rate
  • Actual expense: Deduct real costs with receipts

Audit-Proof Mileage Logs: What the IRS Wants

  • Date
  • Destination
  • Business purpose
  • Miles driven

Common Mileage Deduction Mistakes

  • Rounded mileage totals
  • No contemporaneous logs
  • Including commuting miles

Quick Q&A

  • Q: Is the 70¢ rate fixed?
    A: Yes, for 2025.
  • Q: Are mileage apps allowed?
    A: Yes, if used consistently.

Disclaimer: This article is for general information only and is not tax or legal advice.

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