best jet cards 2020 Archives

Jet Cards make flying easy. Private Jet Card Comparisons‘ exclusive Quick Compare Flight Pricing tool makes it easy to analyze over 250 programs and 1000s of pricing options from more than 50 membership providers

Ad hoc charters can be a pain. Every trip calling a couple of brokers to get quotes, and then comparing the terms, including cancelation policies. And of course, it’s always, plus, plus, plus. And then what happens if there is the operator cancels because of a mechanical or sick pilot? Last-minute re-quotes can be expensive.

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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 March 28 and December 31, 2020. It’s normally levied for domestic Part 135 flights, which includes domestic jet card trips. It was also applied to U.S. flights that start or end within 200 miles of the southern and northern borders.

You might naturally assume that you won’t pay FET for flights during the rest of the year. You would be wrong. It depends on your program. So, how does this impact you?

Continue reading “What happens to the Federal Excise Tax you prepaid for your Jet Card before the CARES Act?”