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Charitable Gifting Under the New Tax Law

Abby Mason
Mike Switzer/SC Public Radio
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If you’ve been perusing the new tax law, you may have noticed that individual taxpayers will still be allowed to deduct charitable contributions, however our next guest says that receiving a tax benefit for those charitable contributions may become more difficult.

Mike Switzer interviews Abby Mason, a certified financial planner with Abacus Planning Group in Columbia, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.