All the Hacks: Money, Points & Life

End of Year Checklist for Your Taxes, Points and Miles

422 snips
Dec 10, 2025
As the year ends, crucial tax strategies are unveiled to maximize your deductions. Discover the benefits of donating appreciated assets and how bunching contributions can hedge against future limits. Learn about new deductions for car interest and seniors, alongside the mechanics of the mega backdoor Roth. For the travel-savvy, tactics for securing elite status and unmissable credit card perks come to light. Additionally, get insights on 529 plans and the new child investment accounts launching soon.
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ADVICE

Spend Your FSA Dollars Or Donate Supplies

  • Use FSA dollars before Dec 31 or lose them; book appointments, refill prescriptions, or buy eligible items now.
  • If you can't use them personally, buy eligible supplies and donate to local shelters to avoid waste.
ADVICE

Max Out HSA And Let It Grow

  • Max out HSA contributions if eligible and let funds grow invested; reimburse medical receipts later when needed.
  • Treat HSA as a long-term tax-free growth vehicle while paying current medical costs out of pocket if possible.
ADVICE

Claim Home Efficiency And Solar Credits This Year

  • Install qualified energy-efficiency upgrades by Dec 31 to claim higher 2025 credits and put solar into service to capture the ~30% credit.
  • Prioritize projects already planned; credits don't justify unplanned major purchases.
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