4.7 • 1.4K Ratings
🗓️ 10 December 2025
⏱️ 77 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | There are a handful of decisions you can make before December 31st that can be worth thousands |
| 0:05.6 | of dollars in tax savings. So today I want to walk through a checklist of things you can do, |
| 0:10.8 | grouped into 10 tax topics, all in plain English, so you can decide what moves are worth doing |
| 0:16.7 | in your situation. I'm also going to run through an end-of-the-year checklist for your credit cards, |
| 0:21.7 | points, and miles, so you can make sure you aren't leaving any money on the table there. |
| 0:26.1 | I'm also going to turn this entire episode into a PDF checklist, so you can download that |
| 0:30.8 | at all the hacks.com slash checklist or find the link in the show notes. So if you enjoy this episode, |
| 0:36.7 | you enjoy the checklist, |
| 0:37.8 | and you want to share it with your friends, by all means, please do that. It means so much to me. |
| 0:42.9 | And if you want to keep upgrading your money, points in life, click follow or subscribe. |
| 0:47.8 | Before we get into everything, it should go without saying that I am not a tax advisor. |
| 0:52.1 | This is not personalized tax advice for you. That said, |
| 0:55.3 | if you are looking for someone to help and you want to check out the tax team I use, they're |
| 0:59.6 | called Gelt, and you can learn more at all the hacks.com slash gelt. So much of what we're going to |
| 1:05.2 | talk about today starts with the question of whether you are taking the standard deduction or |
| 1:09.7 | itemizing. So for those not familiar |
| 1:12.2 | with the U.S. tax code, you can either choose to say, I'm going to subtract this amount of money, |
| 1:17.6 | the standard deduction from my income, and not pay taxes on that amount, or I will itemize. |
| 1:22.6 | And by itemizing, I mean including all the things that you can deduct from your income. That's state |
| 1:28.3 | local taxes, mortgage interest, charitable giving, medical expenses, and a bunch of other things. |
| 1:32.7 | And if those things are greater than the standard deduction, then you would itemize on your taxes. |
| 1:37.3 | And so that's a really important question because it dictates whether some of these strategies, |
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