Retirement Tax Strategies for Northern VA Law Firms

Attorneys in Northern Virginia often face high taxable incomes and heavy workloads. While building your practice, it’s easy to overlook tax-efficient retirement planning—yet the right strategy can save you tens of thousands of dollars while securing your financial future.

Here’s how our legal clients have used retirement planning tools to reduce taxes in 2025:

1. Maximize Contributions to a Solo 401(k)

If you’re a solo practitioner or own a small firm with no employees (other than a spouse), a Solo 401(k) is one of the most powerful tax-saving tools available.
In 2025, you can contribute up to $70,000 if over 50, combining both employer and employee contributions.

2. Explore Defined Benefit Plans for High Earners

For attorneys with consistently high incomes, defined benefit plans allow six-figure annual contributions—far more than typical 401(k) limits.
These plans not only accelerate retirement savings but also provide significant annual tax deductions.

3. Choose the Right Entity Structure

Operating as a PLLC, S-Corp, or partnership impacts how your income is taxed.
The right entity structure can save you thousands each year, especially when combined with retirement contributions.

4. Real Client Example

One Northern Virginia attorney reduced taxable income by over $100,000 last year using a Solo 401(k) paired with a targeted income deferral strategy—resulting in more than $22,000 in tax savings.

Next Step for Attorneys

Don’t wait until tax season—schedule your law firm tax review today and discover how much you can save in 2025.
Our team at Shahbaz & Associates specializes in helping attorneys across Northern Virginia reduce taxes while building long-term wealth.