Vacation Tax Credit In the Works?

Vacation Tax Credit In the Works?

( – President Donald Trump is considering an “Explore America” tax credit in the next stimulus bill that would encourage Americans to take domestic vacations through 2021. This tax credit awards up to $4000 and could be used for a myriad of activities.

In Washington, there’s a lot of debate going on about the next stimulus package and what it should contain. Some Americans are hoping for another direct check, some want to ensure the money’s spent in America, while others think that Federal spending has gone too far.

While the Explore America tax credit could ensure stimulus money gets put directly back into the US economy and may help reduce unemployment, many wonder if it’s too soon to encourage travel with the coronavirus still looming at large.

With government spending at an all-time high amidst a recession, it’s a difficult task to know the next move Congress should make. You still have a voice in the matter, though. Reach out to your local representatives and let your voice be heard about what you believe would stimulate the economy the most during these times.

~Here’s to Your Prosperity!

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