Senior Tax Specialist Salary

Senior Tax Specialists in the United States tend to have a good amount of experience under their belt — a little over a half have more than 10 years in the field. While pay runs from $30K to $101K per year, median earnings come to $70K per year. Residence and tenure each impact pay for this group, with the former having the largest influence. Most Senior Tax Specialists survey respondents are women (70 percent). Job satisfaction is reported as high by the vast majority of workers. Not all workers are lucky enough to have benefits; in fact, roughly a third are without coverage. Medical insurance is claimed by more than half and dental insurance is reported by a majority. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$50,093 - $99,951
$50K
$70K
$100K
MEDIAN: $69,796
10%
50%
90%

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$10.03 - $34.78
$10
$17
$35
MEDIAN: $17.28
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
$50,093 - $99,951  
   
Bonus
$0.00 - $10,000  
Profit Sharing
$4,000  
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).
)
$29,819 - $101,426  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 55
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
$10.03 - $34.78  
   
Overtime
$15.12 - $66.50  
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 - $10,000  
   
Profit Sharing
$4,000  
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).
)
$29,819 - $101,426  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 25

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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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While Senior Tax Specialists do not often become Senior Tax Managers, the job pays $123K per year on average. When Senior Tax Specialists are ready for the next step in their careers, they often become Tax Managers or Tax Compliance Managers. Those roles pay an additional $28K and $19K, respectively.

Senior Tax Specialist Job Listings

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Popular Skills for Senior Tax Specialist


Senior Tax Specialists typically list a handful of skills they use on the job. Most notably, facility with Tax Preparation, Tax Compliance, and Tax Consulting are correlated to pay that is above average, leading to increases ranging from 8 percent to 11 percent. Most people experienced in Tax Compliance also know Tax Consulting.

Pay by Experience Level for Senior Tax Specialist

Pay by Experience for a Senior Tax Specialist has a positive trend. An entry-level Senior Tax Specialist with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 10 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Tax Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 36 salaries. An experienced Senior Tax Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 24 salaries. A Senior Tax Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 15 salaries.

Related Job Salaries

Key Stats for Senior Tax Specialist

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
1-4 years
13%
5-9 years
33%
10-19 years
33%
20 years or more
23%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Tax Specialist Salaries

▲12%

National Average
$65,000

▼3%

▼8%

▼9%

Skills That Affect Senior Tax Specialist Salaries



Tax Consulting
▲8%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
13%
5-9 years
33%
10-19 years
33%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 65%
dental benefits
Dental: 62%
vision benefits
Vision: 45%
no benefits
None: 32%
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