IF THE CORONAVIRUS UPENDED YOUR plans to travel, attend a concert or get married, you may be able to some of your money back. But it’s easier to get reimbursed for some expenses than for others. Here’s a guide to getting a refund or credit.
Flights. As of April, airlines still owed passengers $35 billion for canceled or postponed flights, according to the International Air Transport Association, an industry group. Airlines are going the extra mile to accommodate travelers who still want to travel but also want the flexibility to change their mind. For example, tickets purchased for flights on Delta Airlines for travel between March 1 and September 30 can be rebooked until September 30, 2022, with no change fee. If you cancel a flight booked before May 31, you’ll receive a credit that’s good for one year. Tickets purchased for travel on JetBlue through June 30, 2020, can be rebooked until January 4, 2021, with no change fee. But while most airlines are making it easier to rebook flights, securing a cash refund for a trip you no longer want to take is trickier.
To get a cash refund rather than a credit, wait to see whether the airline cancels your flight—even if you’ve already decided you want to cancel your trip, says Scott Keyes, founder of ScottsCheapFlights.com. If the airline cancels the flight, the Department of Transportation requires it to give you a cash refund. (Airlines tried to have this regulation changed recently, but the DOT rejected that effort.)
هذه القصة مأخوذة من طبعة July 2020 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2020 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
FREE HELP FOR COLLEGEBOUND STUDENTS
This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.
Strategies for Novice Investors
AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.
ANSWERS TO YOUR 529 PLAN QUESTIONS
Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.
Rate-Cut Winners and Losers
NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.
SHOULD YOU BUY THESE RED-HOT FUNDS?
Covered-call ETFs are popular but come with plenty of caveats.
DIVIDEND STOCKS ARE READY TO REBOUND
Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.
IS A 55+ COMMUNITY RIGHT FOR YOU?
These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.
AT LONG LAST, RATES ARE DROPPING
Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.