Tax lawyers are legal professionals who specialize in tax-related legal issues. As you might’ve expected, their expertise is in high demand in the United States. This is especially true among businesses and high-net-worth individuals.
If you‘re considering a career as a tax lawyer, one crucial question you should ask is how much tax lawyers make in the US. In this guide, we’ll explore the salaries of tax lawyers in the US and answer some common questions about this specialized field of law.
So How Much Do Tax Lawyers Make In The US?
Your typical tax lawyer’s salary in the US can vary significantly depending on a wide number of variables. Examples of these include the level of experience and geographical location. That being said, the average attorney in the US can expect to make $88,000 to 120,000 per year.
Generally speaking, lawyers that specialize in taxation earn more than lawyers in other fields. In fact, reports have shown that most tax lawyers make $105,000 annually. In addition, tax lawyers that work for the government tend to earn even more with an annual median wage of $157,000.
In regards to geographic location, tax lawyers in some states have the tendency to make more money than those in other states. For instance, New York and California-based tax lawyers are likelier to earn more than their counterparts in Texas or Georgia.
Of course, experience is another key factor that impacts a tax lawyer’s wage. Anyone who has just started their practice can expect to make much less than someone with more experience. Besides that, those who are employed by larger law firms may be able to get higher salaries.
If you want to pursue a career as a tax lawyer, it’s essential to understand the salary and career opportunities the job offers. Although the necessary investment in education and training can be a lot to handle, we believe it’s worth it.