So, you’ve finally filed your tax return, perhaps just hours before the filing deadline. Its good. We have all been there. Now you’re looking at the expected refund you’ll receive and wondering a bit how to spend it. Pay off your debts or finish a big real estate project? Solid ideas, of course. But, after two years at home, perhaps the best investment you can make with Uncle Sam’s check is in exploration.
If you’re of that mindset, Kayak has unveiled a amazing tool this will allow you to decide on the best way to spend your money on travel. “According to a recent survey, 1 in 6 people who expect to get money back for their 2021 tax returns are smartly planning to spend it on travel,” Kayak said. website states. “Consider this a reinvestment in yourself – an investment we can help you with. Just enter your estimated tax refund below and we’ll find destinations within your budget – try it out to see where you could to go.”
the tax-free travel calculator lets you enter the total amount from your 2021 tax return, so it can give you a comprehensive list of destinations that would fit into your budget. For example, if your refund is $1,000 and you live in or near New York, it will list places like Nashville, Myrtle Beach, Toronto, and Sarasota.
There are filters for the calculator based on your interests, budget and travel time. When you select a destination, it can give you an estimate of the cost of a four-day trip. You can choose the travel dates that best suit your ideal budget and schedule based on these prices.
Even if you don’t plan to use your tax refund money for travel, the calculator can still be a useful tool. It can help you find inspiration for your next travel adventure, even if it will come after you’ve paid off your credit cards.