About the Author

Thomas Kelley, CPA, CFP®, AEP®

Director of Income Tax Planning
Wilmington Trust

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

CARES Act Brings More Taxpayer Relief from COVID-19 Pandemic

Thomas Kelley, CPA, CFP®, AEP® |
Wealth Planning
Estate Planning Tax Reform NC.jpg

On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, Economic and Security (CARES) Act.This 880-page legislation provides emergency assistance and health care response for individuals, families, and businesses affected by the COVID-19 pandemic. We have highlighted the key personal income tax measures in the CARES Act affecting and assisting individuals and families.


Relief for Taxpayers Affected by Ongoing COVID-19 Pandemic

Thomas Kelley, CPA, CFP®, AEP® |
Wealth Planning
Tax Relief NC.jpg

The Federal Tax Code permits the postponement of certain tax deadlines by reason of Presidentially declared disaster actions. On March 13, 2020, President Trump issued an Emergency Declaration (COVID-19 Emergency) to the Treasury Secretary to provide relief from certain specific tax deadlines. Please note this only applies on the Federal level.  State income tax deadline and payments may still be due, although some states have already granted similar extensions.