Mcsally Proposes 4 000 Tax Credit For Travel More Than 50 Miles From Home
The American TRIP Act would provide up to $4,000 credit for individuals and $8,000 for joint filers, as well as an extra $500 credit for dependent children, to be claimed against domestic trip costs until the end of 2022. The credit could be used for expenses such as accommodation and entertainment in trips which are further than 50 miles from the claimants’ principal home. In a statement, McSally said: “The tourism and hospitality industries were among the hardest hit sectors across the country and their revival is critical to our economic recovery....