Senior Tax Specialist Salary

Earnings for Senior Tax Specialists in the United States come in at around $66K annually 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. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Senior Tax Specialists is high. Men are in the minority of survey respondents, with female Senior Tax Specialists making up 75 percent. Roughly a fifth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and more than half claim dental coverage as well.

$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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While not commonly seen, Senior Tax Specialists who transition into a Senior Tax Manager position may see a rise in pay. The median salary for Senior Tax Managers is $122K per year. Senior Tax Specialists most often move into positions as Tax Managers or Tax Compliance Managers; those groups report median salaries that are $26K higher and $19K higher, 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. Those who have experience with Tax Consulting, Tax Compliance, and Tax Preparation can expect to be compensated well for these skills, typically earning between 5 percent to 18 percent more than the national average. Most people who know 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.


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 claiming one to two decades of experience make an estimated median of $58K. Senior Tax Specialists who have spent more than 20 years on the job report earning a significantly higher median of $64K.

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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