Best Money Moves to Make Before Dec 31, 2025

Image
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 ...

IRS Mileage Logs: The #1 Mistake That Gets Deductions Denied

IRS Mileage Logs: The #1 Documentation Mistake That Triggers Denials (2025–2026)

TL;DR
  • The IRS frequently disallows mileage deductions due to poor documentation.
  • The biggest red flag is non-contemporaneous mileage logs.
  • No official 2026 mileage rate has been announced yet.

Each year, millions of taxpayers claim vehicle deductions using the IRS standard mileage method.

The reason deductions fail is rarely the mileage rate itself, but the quality and timing of documentation.

The #1 Mileage Log Mistake: Reconstructing Records Later

The most common mistake is recreating mileage logs long after trips occurred. The IRS consistently requires contemporaneous records.

Accurate miles without timely logs can still be denied.

What the IRS Considers a Valid Mileage Log

  • Date of each trip
  • Starting point and destination
  • Clear business purpose
  • Business miles driven

Format does not matter—timing and consistency do.

Why Rounded Numbers Raise Audit Red Flags

Perfectly rounded mileage totals are often viewed as unreliable.

When combined with weak logs, they raise credibility issues.

2025 Mileage Rate vs. 2026

The IRS has published the official 2025 mileage rate.

As of now, there is no official mileage rate for 2026.

Other Common Log Errors

  • Vague business purposes
  • Mixing commuting with business travel
  • No total annual mileage tracking

Quick Q&A

  • Q: Can I recreate logs later?
    A: You can, but they are often denied.
  • Q: Are apps acceptable?
    A: Yes, if used consistently.

Final Guidance

Mileage deductions fail due to documentation—not mileage.

Disclaimer: This article is for informational purposes only.

Comments

Popular posts from this blog

Wise vs Revolut vs Remitly (2025): Cheapest & Fastest Way to Send Money Internationally

Banks vs Fintech: Best High-Yield Savings Accounts in 2025 (APYs, Fees & Apps Compared)

Florida Car Insurance Cost in 2025: Average Premiums, Rate Increases & Discount Strategies