Can I Avoid Federal Excise Tax on my Private Air Travel in 2021?
As a matter of fact, YES! 🙌 The 2020 CARES Act, which was passed to provide relief from the effects of the COVID-19 pandemic provides an exemption from Federal Excise Tax on luxury goods and services including private air charter through December 31, 2020. The relief bill presently being negotiated in Congress is vague as it addresses the status of taxes in 2021. So how can you budget for your personal or business travel in 2021 without having to wait to see what happens in Washington?
Take a look at your travel from the past few years and try to anticipate what you will need in 2021. While none of us has a crystal ball, experts are indicating that, barring any unforeseen circumstances and the distribution of the vaccine, we should be pretty much back to normal by the 3rd Quarter of 2021. Some even believe that there will be a rush to business due to pent-up demand from 2020.
Provisions in the CARES Act provide a way to avoid the 7.5% tax added to air travel. All travel for 2021 that is paid for before December 31, 2020 is exempt from the tax. So, what do you do?
Contact us today and ask about the PRIORITY JET Executive Travel Program
By joining the ETP today, you create an account of pre-paid flying which is fully funded in 2020 but allows you to travel in 2021, exempt from the 7.5% tax, until the funds are depleted. Our ETP program offers other benefits in addition to avoidance of FET. As a member of our Executive Travel Program, you are entitled to:
An additional 5% discount off the hourly charter rates
Up to $200 in customized catering
No initiation or renewal fees
No markup on ancillary fees associated with ground services
Ability for fund the account in increments of $25,000
Fully refundable account balance (with 30 days’ notice)
If you compare our ETP to jet cards, brokers, and quarter-shares, you will find Priority Jet’s Executive Travel Program to be flexible enough to accommodate your schedule and extremely price competitive.
Our operation is based at the Cobb County International Airport and we conveniently serve all Metro-Atlanta airports including Peachtree-Dekalb, Fulton County, Peachtree City, Hartsfield-Jackson, Gwinnett, and Athens. Our company-owned Citation Excel jets have the capability of covering the continental United States, Canada, Mexico and the Caribbean. Our 6 passenger Pilatus PC-12 turboprop is the perfect affordable aircraft for business and personal trips within 600 miles of Atlanta, especially on one day out-and-back. Your family or business team will travel in a safe, clean private environment with on-board WiFi, and they will not only avoid the hassles of commercial flying and large airports, but they will arrive refreshed and ready to meet the business day or enjoy a holiday.
DON’T PROCRASTINATE. Call us today for a personal discussion about your needs and an explanation of how Priority Jet can tailor a plan that best suits your business or personal requirements. Standing ready to help you is our Vice President of Business Development, Chip Kaczynski. You can reach Chip at