The Next Stimulus Could Include 4K Vacation Credit

The president is proposing the explore America credit. Allowing us to write off domestic travel up to 4K. Here's more on how it would work.

"Some senators are pushing for Americans toget $2,000 each month, while others think people shouldjust get a tax break. Now, PresidentDonald Trumphas his own suggestion. In a roundtable meeting with travel and restaurant industry leaders, he mentioned an "Explore America" idea. A transcript of the meeting shows Trump proposed, "Create an 'Explore America' - that's 'Explore,' right? 'Explore America' tax credit that Americans can use for domestic travel, including visits to restaurants. That's a big deal." It would reportedly allow for a tax deduction of up to $4,000 that could be applied to hotel stays during vacations - even eating at restaurants - if they happen in the next three to six months. "