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Senior Tax Specialist Salary

For Senior Tax Specialists, yearly average wages total $64K annually. A strong majority report receiving medical coverage from their employers and the greater part collect dental insurance. Most Senior Tax Specialists survey respondents are women (70 percent). The majority of Senior Tax Specialists claim high levels of job satisfaction.
$42,739 - $89,684
(Median)
43K
52K
64K
78K
90K
MEDIAN: $64,300
10%
25%
50%
75%
90%

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$14.35 - $33.10
(Median)
14
20
26
33
MEDIAN: $20
10%
50%
75%
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
$42,739 - $89,684  
   
Bonus
$202.73 - $10,186  
Profit Sharing
$1,017 - $9,826  
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).
)
$38,732 - $93,098  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 159
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
$14.35 - $33.10  
   
Overtime
$21.00 - $37.37  
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
$202.73 - $10,186  
   
Profit Sharing
$1,017 - $9,826  
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).
)
$38,732 - $93,098  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 31
United States (change)

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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It's not very common for Senior Tax Specialists to move on to become Senior Tax Managers. Average pay for a Senior Tax Manager is $119K annually. Typical career progression for a Senior Tax Specialist involves becoming a Tax Manager or a Tax Compliance Manager, roles that pay $26K more and $21K more on average.

Senior Tax Specialist Job Listings

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Survey takers who work as Senior Tax Specialists typically report just a few professional skills. Tax Consulting and Tax Compliance are considered valuable skills and can increase employee pay by 12 percent and 8 percent, respectively. Tax Compliance and Tax Preparation are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Senior Tax Specialist

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


Survey participants with less than five years' experience pocket $60K on average, but those with five to 10 years of experience enjoy a much bigger median of $67K. Senior Tax Specialists with one to two decades of relevant experience report an average salary of approximately $63K. Senior Tax Specialists who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $64K.

Related Job Salaries

Experience Affects Senior Tax Specialist Salaries

Mid-Career
up arrow 5%

National Average
$64,000

Experienced
up arrow 1%

Late-Career
up arrow 1%

Entry-Level
up arrow 7%

Skills That Affect Senior Tax Specialist Salaries

Tax Consulting
up arrow 12%


National Average
$64,000

Tax Preparation
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
18%
5-9 years
40%
10-19 years
27%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 68%
vision benefits Vision: 63% employee benefits None: 18%