Radio Website Header-Waves 6 3.0.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

ARP Could Provide Big Tax Savings to Working Parents

South Carolina Business Review
SC Public Radio
/

By now you’ve probably heard of the American Rescue Plan Act, known as ARP, which was signed into law in March. But you may not be aware of all of its provisions. Our next guest says there’s one in particular that can potentially save thousands of dollars for working parents who have dependent care flexible spending accounts available to them through their jobs.

Mike Switzer interviews Laird Green, a certified financial planner with Abacus Planning Group in Greenville, 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.