Tax Accountant Salary

Tax Accountants in the United States pull down an average of $53K per year. In the world of Tax Accountants, overall cash earnings stretch from $38K near the bottom to $74K near the top; these packages encompass bonuses that run close to $6K and profit sharing that can (albeit rarely) exceed $5K, along with commissions approaching $20K. Compensation for this group is mainly affected by the company, but the particular city and years of experience are influential factors as well. Some workers in this field — about one in five — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by the larger part. Job satisfaction is high and work is enjoyable for most Tax Accountants. Women Tax Accountants who took the survey just slightly outnumber men. This report is based on responses to the PayScale salary survey.

$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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As Tax Accountants transition into upper-level roles such as Senior Tax Manager, they may see a strong upturn in salary. Senior Tax Managers earn $122K on average per year. Career advancement for the typical Tax Accountant often leads to becoming a Senior Tax Accountant or a Tax Manager; median salaries in these positions are $11K higher and $39K higher, respectively.

Tax Accountant Job Listings

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Popular Employer Salaries for Tax Accountant


PricewaterhouseCoopers pays the most with a median salary of $62K, though there is little variation overall ($51K to $79K).

Popular Skills for Tax Accountant


Tax Accountants seem to exploit a large range 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 seem to negatively impact pay include Auditing, Bookkeeping, and Payroll Tax Compliance. For most people, competency in Tax Compliance indicates knowledge of Microsoft Excel.

Pay by Experience Level for Tax Accountant

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


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $51K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $58K. After working for 10 to 20 years, Tax Accountants make a median salary of $61K. More than 20 years of experience mean a somewhat bigger median paycheck of $63K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $52,970

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

For those looking to make money, Tax Accountants in San Francisco enjoy an exceptional pay rate, 21 percent above the national average. Tax Accountants will also find cushy salaries in Seattle (+19 percent), New York (+15 percent), Chicago (+13 percent), and Houston (+11 percent). Falling short of the national average by 4 percent, the area with the worst salaries is San Antonio.

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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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