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Tax Attorney Salary in United States 【All States 2022】 CareerExplorer from careerexplorerguide.com

Tax Attorney Salary in US: A Comprehensive Guide for 2023

Introduction

Tax attorneys play a crucial role in the legal industry by helping individuals, businesses, and organizations navigate the complexities of tax laws and regulations. As a result, the demand for skilled tax attorneys in the United States continues to grow, with many aspiring lawyers considering this profession as a career option. In this article, we will discuss the tax attorney salary in the US and provide a comprehensive guide for those interested in pursuing this career path in 2023.

What is a Tax Attorney?

Tax attorneys are lawyers who specialize in tax law, including federal, state, and local tax regulations. They advise clients on a wide range of tax-related issues, including tax planning, tax disputes, and tax litigation. Tax attorneys work in various settings, including law firms, government agencies, and accounting firms.

Tax Attorney Salary in the US

According to the Bureau of Labor Statistics (BLS), the median annual salary for lawyers, including tax attorneys, was $126,930 in May 2020. However, the salary range for tax attorneys can vary widely depending on several factors, including location, experience, and employer.

Location

Location is one of the most significant factors that affect tax attorney salary in the US. Generally, lawyers in large cities tend to earn more than those in smaller towns or rural areas. For instance, tax attorneys working in New York City or San Francisco can expect to earn a higher salary than those working in smaller cities or towns.

Experience

Experience is another critical factor that affects tax attorney salary in the US. Generally, lawyers with more experience tend to earn more than those who are just starting in their careers. According to the BLS, lawyers with one to four years of experience earn a median annual salary of $81,000, while those with ten or more years of experience earn a median annual salary of $166,000.

Employer

The type of employer also plays a significant role in determining tax attorney salary in the US. Tax attorneys working for large law firms or corporations tend to earn more than those working for small law firms or non-profit organizations. According to the BLS, lawyers working in the legal services industry earn a median annual salary of $147,000, while those working in the government sector earn a median annual salary of $100,000.

Skills and Qualifications

To become a tax attorney in the US, you must have a law degree from an accredited law school and pass the bar exam in the state where you plan to practice. Additionally, tax attorneys must have excellent communication and analytical skills, as well as a deep understanding of tax laws and regulations.

Job Outlook

The job outlook for tax attorneys in the US continues to be positive, with the BLS projecting a 4% growth rate for lawyers between 2019 and 2029. This growth is attributed to the increasing complexity of tax laws and regulations, which require the expertise of skilled tax attorneys.

Conclusion

In conclusion, tax attorney salary in the US can vary widely depending on several factors, including location, experience, and employer. However, tax attorneys can expect to earn a median annual salary of $126,930, according to the BLS. If you are interested in pursuing a career as a tax attorney in 2023, make sure to obtain the necessary skills and qualifications, and keep up with the latest developments in tax laws and regulations to stay competitive in this growing field.

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