The siren’s song of saving the 7.5% Federal Excise Tax if you buy a jet card before the end of the year is getting louder. If you’re not careful, it might cost you more than you’ll save
On Friday, the bars in the window on my laptop tracking visitors to this website shot up. The increase was exponential. It coincided with a CNBC segment on how private jet card sellers are rolling out offers designed to save buyers the 7.5% Federal Excise Tax on flights.
Sentient is the latest jet card provider to tell customers cards purchased through year’s end will save the 7.5% Federal Excise Tax for flights until funds are used
If you fly with Sentient Jet or are considering buying a jet card before the end of the year, the unit of Directional Aviation’s OneSky Flight unit is the latest provider to offer tax savings beyond the current expiration of the CARES Act, scheduled for Dec. 31, 2020.
NetJets, Nicholas Air, Jets.com, Airstream Jets, and Magellan Jets have previously said they would extend the tax benefit, a savings of 7.5% for domestic flights, and those that start or end within 220 miles of the U.S. northern and southern borders, for the life of the cards they sell.