Tax Accountant Salary

Earnings for Tax Accountants in the United States come in at around $53K annually on average. Total cash compensation for Tax Accountants runs from $38K to $74K depending on bonuses that can occasionally exceed $6K and profit sharing that can reach almost $5K. Compensation for this group is mainly affected by the particular firm, but geography and experience level are influential factors as well. Women Tax Accountants who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. Some workers in this field — close to one-fifth — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by the larger part. The numbers in this rundown were provided by PayScale's salary survey participants.

$39,881 - $71,461
(Median)
$40K
$53K
$71K
MEDIAN: $52,828
10%
50%
90%

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$14.31 - $31.51
(Median)
$14
$21
$32
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$25K$50K$75K
Salary
$39,881 - $71,461  
   
Bonus
$0.00 - $6,044  
Profit Sharing
$12.77 - $5,045  
Commission
$0.00 - $19,574  
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).
)
$38,171 - $73,742  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,258
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$15$30$45
Hourly Rate
$14.31 - $31.51  
   
Hourly Tips
$1.00  
Overtime
$17.95 - $44.27  
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$30K$60K$90K
Bonus
$0.00 - $6,044  
   
Commission
$0.00 - $19,574  
Profit Sharing
$12.77 - $5,045  
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).
)
$38,171 - $73,742  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 474
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Job Description for Tax Accountant

Tax accountants specialize in preparing and submitting tax documents for clients, which can include private individuals and private and public companies; these companies may include non-profits and government agencies, as well. Tax accountants often devise tax strategies to defer or eliminate tax payments, coordinate audits with various taxation authorities, and advise corporate management of taxation strategies. As such, they must understand and interpret tax law and occasionally explain its implications to clients.

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Tax Accountant Tasks

  • Ensure compliance with state and federal regulations.
  • Analyze tax regulations and recommend policies that minimize tax burden.
  • Prepare tax returns and reports, maintain records, analyze and research complex tax issues.
  • Provides support during audits.

Common Career Paths for Tax Accountant


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Tax Accountants may experience a large salary bump if they progress into a role such as Senior Tax Manager. The latter position pays an average of $122K annually. It is quite typical for Tax Accountants to transition into roles as Senior Tax Accountants or Tax Managers, where reported median earnings are $11K and $39K higher per year.

Tax Accountant Job Listings

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Popular Employer Salaries for Tax Accountant


Although salaries only range from $51K to just $79K, PricewaterhouseCoopers still offers the highest pay with a median paycheck of $62K.

Popular Skills for Tax Accountant


Survey results imply that Tax Accountants deploy a deep pool of skills on the job. Most notably, skills in Tax Consulting, Tax Compliance, Financial Reporting, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 6 percent. Skills that pay less than market rate include Auditing, Bookkeeping, and Payroll Tax Compliance. Most people skilled in Tax Compliance are similarly competent in Microsoft Excel.

Pay by Experience Level for Tax Accountant

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


Tax Accountants do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $58K. Tax Accountants who work for 10 to 20 years in their occupation tend to earn about $61K. People who have worked for more than 20 years report a median income of $63K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $52,970

Larger city markers indicate a job is popular in that location.

San Francisco is home to an above-average pay rate for Tax Accountants, 21 percent higher than the national average. Tax Accountants can also look forward to large paychecks in cities like Seattle (+19 percent), New York (+15 percent), Chicago (+13 percent), and Houston (+11 percent). San Antonio ranks last in the field for pay, reporting salaries 4 percent below the national average.

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Experience Affects Tax Accountant Salaries




National Average
$53,000


Skills That Affect Tax Accountant Salaries



Financial Reporting
up arrow 4%

Financial Analysis
up arrow 1%

Tax Preparation
0%

Microsoft Excel
0%

Software Knowledge
0%

ADP Sales and Use Tax System
0%

National Average
$53,000

Microsoft Office
up arrow 1%

Quickbooks
up arrow 4%

Sales Tax Reports
up arrow 4%

Accounting
up arrow 4%



Auditing
up arrow 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 453 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
52%
5-9 years
22%
10-19 years
10%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 57%
medical benefits
Vision: 46%
dental benefits
None: 21%
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