Hotels, airlines and restaurants have taken the biggest hit due to the coronavirus pandemic and to help the travel industry recover, lobbyists have proposed a tax credit Americans can use toward their next vacation. The proposal is a tax credit of up to 50% for a households spending on expenses including airfares, car rentals, hotels, theme parks and restaurants. The tax credit would be up to $4,000 per household and it would apply for eligible expenses in 2020 and 2021, according to accounting firm Bambridge Accountants New York. In a news release, the U.S. Travel Association said, an Explore America tax credit and campaign will do wonders to put America back on the path to prosperity. Before you make your vacation plans, the tax credit still needs to be reviewed by Congress and has not officially made it into a bill yet.