The end of the year is an important time to consider any tax planning opportunities that may be available.
Riding the Tax Law Wave: Planning Strategies in a Sea of Change
About the Author
As part of the Wilmington Trust and M&T Emerald Advisory Services™ team, Tom is responsible for developing customized and comprehensive wealth transfer and financial management plans for high-net-worth families and business owners throughout the Baltimore region. Tom’s areas of proficiency include estate and retirement planning, income tax strategies, investment planning, and charitable planning.
Prior to joining Wilmington Trust, Tom held various senior tax and wealth planner positions with Bank of America and Brown Advisory.
Tom holds a master’s degree in taxation from the University of Baltimore and a bachelor’s degree in business administration, with a concentration in finance and minor in economics, from Towson University. He is a Certified Public Accountant (CPA) in Maryland, Certified Financial Planner certificant (CFP), and an Accredited Estate Planner (AEP) through the National Association of Estate Planning Councils.
Tom is a member of the Baltimore Estate Planning Council and the Maryland Association of Certified Public Accountants.
By the Author
Episode 8: Maximizing Your Itemized Deductions
June 23— While the current volatile market conditions and overall economic landscape may have your investment and business decisions top of mind, an important area of planning that can be deployed during this time is tax planning.
Episode 7: Tax-Loss Harvesting and Savings Opportunities
June 16—With the economy and markets in turmoil, you may be asking: How do I use the losses in my portfolio to my advantage? Director of Income Tax Planning Tom Kelley, discusses how to turn a market loss into a gain through tax-loss harvesting. In times like these, it is important to recognize that harvesting these losses now, when done appropriately, helps enable tax savings today and potential tax savings in the future.
