With slightly more than half of Senior Tax Specialists in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $37K to $101K per year and averages out to $69K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Although a fair number have medical coverage and the larger part have dental coverage, close to one-fourth claim no health benefits at all. Female Senior Tax Specialists make up most of the survey respondents at 74 percent. Work is enjoyable for Senior Tax Specialists, who typically claim high levels of job satisfaction.

$49,832 - $96,559
$50K
$69K
$97K
MEDIAN: $69,092
10%
50%
90%

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$10.00 - $37.50
$10
$20
$38
MEDIAN: $19.80
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,832 - $96,559  
   
Bonus
$0.00 - $10,033  
Profit Sharing
$4,861  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,169 - $101,426  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 61
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$10.00 - $37.50  
   
Overtime
$15.21 - $57.21  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $10,033  
   
Profit Sharing
$4,861  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,169 - $101,426  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 19

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Senior Tax Specialist

Senior tax specialists work to ensure that a company's taxes are all taken care of so that the company is level with the IRS. Senior tax specialists must know all of the ins and outs of tax laws--which are constantly changing--so they must be prepared to always be learning for their job. If a company is audited and they did not report their taxes properly, the company could owe money and in some cases be in serious trouble for tax evasion.

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Senior Tax Specialist Tasks

  • Balance, analyze, prepare, and/or process asset sales, disposals, general ledger accounts, tax returns, and invoices.
  • Identify tax issues that arise in the compliance process.
  • Prepare federal, state and local income tax filings with quarterly estimates, extensions and tax returns.
  • Compile information including sales tax reports, use tax accruals, inventory, accounts payable and fixed asset reports.
  • Analyze and code fixed invoices, repair invoices, and apply account classification.

Common Career Paths for Senior Tax Specialist


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Though not the most common occurrence, Senior Tax Specialists sometimes become Senior Tax Managers, where the average income is $123K per year. The most common next step for a Senior Tax Specialist is to become a Tax Manager or a Tax Compliance Manager. The former position pays an additional $26K per year on average, and the latter position pays $17K more per year.

Senior Tax Specialist Job Listings

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Popular Skills for Senior Tax Specialist


Senior Tax Specialists report a narrow range of specific skills. Skill set and salary are closely correlated, and individuals who are practiced in Tax Preparation, Tax Consulting and Tax Compliance abilities will see corresponding pay increases between 5 percent and 7 percent. Most people experienced in Tax Compliance also know Tax Consulting.

Pay by Experience Level for Senior Tax Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $60K, but survey participants with five to 10 years of experience earn a significantly higher median of $75K. Senior Tax Specialists claiming one to two decades of experience make an estimated median of $60K. Senior Tax Specialists who have spent more than 20 years on the job report earning a significantly higher median of $62K.

Related Job Salaries

Key Stats for Senior Tax Specialist

Gender

Female
74 %
Male
26 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
032
1-4 years
15%
5-9 years
33%
10-19 years
30%
20 years or more
23%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Tax Specialist Salaries

Mid-Career
up arrow 12%

National Average
$67,000


Experienced
up arrow 11%

Entry-Level
up arrow 11%

Skills That Affect Senior Tax Specialist Salaries


Tax Consulting
up arrow 7%


National Average
$67,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

1-4 years
15%
5-9 years
33%
10-19 years
30%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 69%
vision benefits
Vision: 55%
dental benefits
None: 25%
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