how much does a tax lawyer make in maryland

How much do lawyers charge in Maryland?

Practice Type	Average Hourly Rate
Real Estate	$323
Tax	$391
Traffic Offenses	$447
Trusts	$383

Jun 24 2022

Full Answer

How much does a tax lawyer make?

The estimated total pay for a Tax Lawyer is $118,557 per year in the United States. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

What is the job description of a tax attorney?

Job Description for Tax Attorney. A tax attorney is a lawyer whose specializes in guiding clients through the intricacies of tax law to help them to make the best possible financial and legal decisions. Corporations may have a tax attorney as part of their legal team to advise them and prevent them from making any expensive...

Is a tax attorney the same as an accountant?

Tax attorneys are considered a type of accountant; however, their work is more specialized and typically requires additional education or experience. For instance, most accounting careers only require a bachelor’s degree. Practicing as a tax attorney requires individuals to complete an undergraduate degree, law school, and pass the LSAT.

What are the top industries for tax attorneys?

The BLS reports the top industries for tax attorneys as subscription programming, the oil and coal industries, motor vehicle manufacturing, and computer equipment manufacturing. These complex industries must cooperate with government rules, regulations, and tax laws, which require a tax attorney’s expertise.

What does a tax lawyer earn?

The average salary of a tax attorney is $120,910 per year, according to the BLS. Salaries in the law field range from $58,220 to $208,000. Several factors may impact earning potential, including a candidate's work experience, degree, location, and certification.

Where do tax attorneys get paid the most?

Highest Paying Cities For Tax AttorneyCityAvg. SalaryHourly RateNew York, NY$133,684$64.27San Francisco, CA$131,946$63.44Hackensack, NJ$120,009$57.70Washington, DC$119,121$57.272 more rows

What does the highest paid lawyer make?

Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•

How much do tax lawyers make in DC?

Our comprehensive salary research shows that, on average, a tax attorney in washington, dc makes an estimated $192,948 annually. This can range from $137,464 to $257,999 annually, and is based on a variety of factors, including education, experience, certifications and additional skills.

What is the starting salary for a lawyer?

A newly qualified solicitor in a regional firm or smaller commercial practice may expect to earn around £25,000 to £40,000. Starting salaries for newly qualified solicitors in larger commercial firms and those in the City will be from £58,000 to £65,000, with the larger City firms paying £80,000 or more.

What does a tax lawyer do?

A tax lawyer's role is to advise both individuals and businesses regarding complex tax legislation and apply it to their circumstances. Tax lawyers render advisory and dispute management services to a range of clients.

Who is the richest lawyer in America?

Top 50 Richest LawyersJerry Reinsdorf. $2 Billion. ... Peter Angelos. $2 Billion. ... Joe Jamail. $1.7 Billion. ... Wichai Thongthan. $1.1 Billion. ... William Lerach. $900 Million. ... Bill Neukom. $850 Million. ... Judge Judy. $440 Million. ... Kurt Rappaport. $350 Million.More items...

Is med school harder than law?

In short, medical school is hands-on and requires a lot of memorization. Law school requires analytical work and critical thinking. Law school requires heavy reading and writing while medical school requires learning about problems through clinical studies and hands-on training.

Is law school difficult?

In summary, law school is hard. Harder than regular college or universities, in terms of stress, workload, and required commitment. But about 40,000 people graduate from law schools every year–so it is clearly attainable.

How much do lawyers make an hour?

The average lawyer earns $127,990 – or $61.54 hourly – while the average American salary currently sits at around $58,260 – or $28.01 per hour. Compared to the national average, attorneys earn more than double the average income, which is great money.

Most common benefits

The average salary for a attorney is $92,305 per year in Maryland. 152 salaries reported, updated at February 20, 2022.

How much should you be earning?

Get an estimated calculation of how much you should be earning and insight into your career options. See more details

Common questions about salaries for an Attorney

To find out about the appropriate salary for an attorney, please visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.

Average Tax Attorney Salary Over Time

Compare salaries for individual cities or states with the national average.

How Much Do Tax Attorneys Make In Different Industries?

Tax Attorney salaries can vary on many factors, including what industry a job is in. In fact, jobs with Professional, Energy, and Manufacturing companies tend to be the highest paying. Furthermore, a Tax Attorney can make a yearly salary of $129,530 while working for Professional companies.

Average JOB Salary by Field

A general counsel, also called a chief legal officer, is the chief lawyer in the legal department of an organization. The counsel represents an enterprise for any pending legal matters. They work proactively to lessen possible problems associated with legalities and potential risks.

Which Companies Pay Tax Attorneys The Most?

If you want to get paid the most as a Tax Attorney, being employed by a company such as Akin Gump Strauss Hauer & Feld or Exxon Mobil would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Mayer Brown and D. E. Shaw & Co. also report highly competitive salaries for Tax Attorneys.

Average Tax Attorney Salary by Demographic

Asian Tax Attorneys have the highest average salary compared to other ethnicities. Black or African American Tax Attorneys have the lowest average salary at $88,462.

What is an attorney I?

Attorney I reviews contracts involving leases, licenses, purchases, sales, insurance, etc., and reviews drafts of various agreements and documents. Provides legal advice to an organization, prepares resolutions, reports, guidelines and participates in major legal actions. Being an Attorney I works closely with other departments to foresee and protect company against legal risks. Participates in Legal department initiatives such as template agreement development and recommends to senior management on how to respond to legal issues or proposed changes in laws and regulations. Additionally, Attorney I requires a Juris Doctor degree from an accredited law school. Requires admittance to a state bar. Typically reports to a manager or head of a unit/department. The Attorney I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Attorney I typically requires 0-2 years of related experience. (Copyright 2021 Salary.com)... View full job description

What is Maryland known for?

Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary. Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and...

What state is Maryland in?

Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east.

How Much Does a Tax Attorney Cost?

There is not a set rule or standard for how much a tax attorney charges for services. Some tax situations are more complex and require more work. Therefore, the tax attorney charges higher fees for those services. Simple cases would not require as much work. Therefore, the legal fees for those cases may be less.

Why Should I Hire a Tax Lawyer for My Startup?

Small business owners make decisions regarding tax matters even though they may be unaware of it. For example, choosing the business structure significantly impacts the company’s taxes. A tax attorney helps small business owners understand the types of taxes they must pay based on their business entity.

Contact Our Maryland Tax Attorney for More Information

Maryland tax attorney, Steve Thienel handles a wide variety of tax matters for small businesses. Contact us today.

How much does a tax attorney make?

The average salary of a tax attorney is $120,910 per year, according to the BLS. Salaries in the law field range from $58,220 to $208,000. Several factors may impact earning potential, including a candidate’s work experience, degree, location, and certification.

What is tax attorney?

Tax attorneys specialize in tax policies and tax liability at the federal, state, and municipal levels. They typically work at law firms or on a consultative basis. Their tax law expertise makes them essential to auditing or litigation processes with the IRS. These professionals may also draft documents for estate planning or other legal documents.

What industries do tax attorneys work in?

The BLS reports the top industries for tax attorneys as subscription programming, the oil and coal industries, motor vehicle manufacturing, and computer equipment manufacturing. These complex industries must cooperate with government rules, regulations, and tax laws, which require a tax attorney’s expertise.

How long does it take to become a tax attorney?

Becoming a tax attorney involves earning a bachelor’s degree, completing law school, and passing the bar exam. The process usually takes about seven years.

What states have tax attorneys?

When it comes to salary, some of the top states for tax attorneys include the District of Columbia, California, New York, Massachusetts, and Connecticut, according to the BLS. These states offer higher than average salaries, making them attractive locations for tax attorneys.

Which states have the highest growth in tax attorneys?

According to data from Projections Central, the top states for job growth include Utah, Nevada, Colorado, Arkansas, and Texas.

How much do accountants make?

The BLS reports that accountants earn an average annual salary of $70,500, with jobs projected to increase by 10%. This rate is faster than average. Tax attorneys may earn $120,910 per year, but job growth is about average at 8%.

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What is the Pay by Experience Level for Tax Attorneys?

An entry-level Tax Attorney with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $85,210 based on 26 salaries. An early career Tax Attorney with 1-4 years of experience earns an average total compensation of $86,044 based on 64 salaries. A mid-career Tax …Read more

What Do Tax Attorneys Do?

A tax attorney is a lawyer whose specializes in guiding clients through the intricacies of tax law to help them to make the best possible financial and legal decisions. Corporations may have a tax attorney as part of their legal team to advise them and prevent them from making any expensive revenue-reporting mistakes.

Job Satisfaction for Tax Attorney

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Gender Breakdown

This data is based on 60 survey responses. Learn more about the gender pay gap.