Senior Tax Specialist Salary

Earnings for Senior Tax Specialists in the United States come in at around $66K per year on average. Final cash compensation to Senior Tax Specialists varies from around $42K to approximately $97K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $15K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. Female Senior Tax Specialists make up most of the survey respondents at 75 percent. Most workers in this position report high levels of job satisfaction. Health benefits are not claimed by all — one in five lack any form of coverage — but a fair number have medical insurance, and more than half have dental, too. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$43,788 - $93,345
(Median)
$44K
$66K
$93K
MEDIAN: $65,787
10%
50%
90%

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$15.44 - $33.42
(Median)
$15
$22
$33
MEDIAN: $21.00
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$33K$66K$99K
Salary
$43,788 - $93,345  
   
Bonus
$0.00 - $11,745  
Profit Sharing
$102.13 - $14,681  
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).
)
$41,657 - $97,468  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 161
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$17$34$51
Hourly Rate
$15.44 - $33.42  
   
Overtime
$22.66 - $40.57  
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 - $11,745  
   
Profit Sharing
$102.13 - $14,681  
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).
)
$41,657 - $97,468  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 29
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 $122K per year on average. A common career progression for a Senior Tax Specialist is to become a Tax Manager or a Tax Compliance Manager. Compared to Senior Tax Specialists, the first group earns $26K more on average, and the second group earns $19K more.

Senior Tax Specialist Job Listings

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Popular Skills for Senior Tax Specialist


Job skills reported by Senior Tax Specialists are limited. Those familiar with Tax Consulting, Tax Compliance and Tax Preparation will likely experience a boost in pay, earning between 5 percent to 18 percent above the national average. Those familiar with Tax Compliance also tend to know Tax Consulting.

Pay by Experience Level for Senior Tax Specialist

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


Relatively untried employees who have less than five years' experience make $62K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $71K. Senior Tax Specialists who work for 10 to 20 years in their occupation tend to earn about $58K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $64K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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 2%

Entry-Level
up arrow 6%

Experienced
up arrow 11%

Skills That Affect Senior Tax Specialist Salaries

Tax Consulting
up arrow 18%



National Average
$66,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

1-4 years
14%
5-9 years
38%
10-19 years
26%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 67%
medical benefits
Vision: 63%
dental benefits
None: 21%
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