Senior Tax Specialist Salary

Senior Tax Specialists in the United States can expect wages of $66K per year on average. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. A fair number report receiving medical coverage from their employers and a majority collect dental insurance. Female Senior Tax Specialists make up most of the survey respondents at 74 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$43,183 - $91,709
(Median)
$43K
$66K
$92K
MEDIAN: $65,718
10%
50%
90%

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$15.32 - $34.11
(Median)
$15
$21
$34
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Salary
$43,183 - $91,709  
   
Bonus
$250.00 - $12,000  
Profit Sharing
$1,200 - $5,057  
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).
)
$40,681 - $95,998  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 156
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$15.32 - $34.11  
   
Overtime
$22.39 - $37.84  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$250.00 - $12,000  
   
Profit Sharing
$1,200 - $5,057  
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).
)
$40,681 - $95,998  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 26
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

  • 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.
  • Prepare federal, state and local income tax filings with quarterly estimates, extensions and tax returns.
  • 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.

Common Career Paths for Senior Tax Specialist


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Senior Tax Specialists sometimes assume positions such as Senior Tax Managers. That role pays $120K 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 $25K and $19K, respectively.

Senior Tax Specialist Job Listings

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Popular Skills for Senior Tax Specialist


Survey takers who work as Senior Tax Specialists report a focused set of job skills. Tax Consulting and Tax Compliance are considered valuable skills and can increase employee pay by 16 percent and 7 percent, respectively. Most people skilled in Tax Compliance are similarly competent in 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 $61K, but survey participants with five to 10 years of experience earn a significantly higher median of $71K. Senior Tax Specialists with one to two decades of relevant experience report an average salary of approximately $61K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $63K on average.

Related Job Salaries

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Experience Affects Senior Tax Specialist Salaries

Mid-Career
up arrow 8%

National Average
$66,000

Late-Career
up arrow 4%

Experienced
up arrow 7%

Entry-Level
up arrow 8%

Skills That Affect Senior Tax Specialist Salaries

Tax Consulting
up arrow 16%


Tax Preparation
0%

National Average
$66,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

1-4 years
16%
5-9 years
40%
10-19 years
26%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 69%
vision benefits Vision: 64% employee benefits None: 19%
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