The COVID-19 Coronavirus assistance legislation eliminates the 7.5% FET between March 28, 2020, and year’s end What are the best strategies for Jet Card flying during the FET holiday Updated April 6, 2020 @7:16pm One point of the 880-page CARES Act is a waiver of the 7.5% Federal Excise Tax (FET). The holiday lasts between … Continue reading What happens to the Federal Excise Tax you prepaid for your Jet Card before the CARES Act?