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Will a $4,000 tax credit for vacation expenses happen? Travel industry leaders hope it does

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he supports a proposal to Congress to include the “Explore America” tax credit, “that Americans can use for domestic travel, including visits to restaurants" in the next stimulus bill.The proposal is a tax credit of up to 50% for a household’s spending on expenses including airfares, car rentals, hotels, theme parks and restaurants.

The tax credit would be up to $4,000 per household and it would apply for eligible expenses in 2020 and 2021, according to accounting firm Bambridge Accountants New York.Why are you just hearing about it now?

Because leaders in the tourism industry are singing its praises and thanking Trump for supporting the idea.In a news release, the U.S.

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