Tax Accountant Salary

Tax Accountants in the United States take home approximately $52K per year on average. In the world of Tax Accountants, total cash compensation can vary between $38K and $72K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $5K, respectively. The most important factor affecting compensation for this group is the company, followed by the particular city and experience level. Women make up a slight majority of Tax Accountants (56 percent) survey respondents. Health benefits are not claimed by all — just under a fourth lack any form of coverage — but a fair number have medical insurance, and more than half have dental, too. Job satisfaction is high and work is enjoyable for most Tax Accountants. Participants in PayScale's salary questionnaire provided the particulars of this report.

$39,776 - $69,588

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$13.54 - $30.27

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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$24K$48K$72K
Salary
$39,776 - $69,588  
   
Bonus
$0.00 - $5,942  
Profit Sharing
$206.85 - $5,135  
Commission
$150.00 - $5,250  
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).
)
$37,523 - $71,618  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,088
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
$13.54 - $30.27  
   
Overtime
$18.61 - $43.54  
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 - $5,942  
   
Commission
$150.00 - $5,250  
Profit Sharing
$206.85 - $5,135  
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).
)
$37,523 - $71,618  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 472
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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 who transition into a Senior Tax Manager role may receive large pay increases as the latter position pays an average $120K per year. A common career progression for a Tax Accountant is to become a Senior Tax Accountant or a Tax Manager. Compared to Tax Accountants, the first group earns $12K more on average, and the second group earns $39K more.

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 $61K.

Popular Skills for Tax Accountant


Tax Accountants seem to wield many skills on the job. Most notably, skills in Tax Consulting, Tax Compliance, ADP Sales and Use Tax System, and Financial Analysis are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Auditing, Bookkeeping, and Accounting. 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.


For many Tax Accountants, extensive experience does not lead to significantly more money. The average worker who claims fewer than five years of experience earns around $50K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $57K. Tax Accountants who work for 10 to 20 years in their occupation tend to earn about $60K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location


For Tax Accountants, busy New York offers a higher-than-average pay rate, 19 percent above the national average. Tax Accountants will also find cushy salaries in Seattle (+16 percent), San Francisco (+14 percent), Chicago (+13 percent), and Houston (+11 percent). San Antonio is home to the smallest salaries in the field, lagging the national average by 3 percent. Below-median salaries also turn up in St. Louis and Miami (3 percent lower and 1 percent lower, respectively).

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Experience Affects Tax Accountant Salaries




National Average
$52,000


Skills That Affect Tax Accountant Salaries



ADP Sales and Use Tax System
up arrow 3%

Microsoft Excel
up arrow 2%

Financial Analysis
up arrow 2%

Financial Reporting
up arrow 2%

Tax Preparation
up arrow 1%

Software Knowledge
up arrow 1%

Microsoft Office
0%

National Average
$52,000

Quickbooks
up arrow 2%

Sales Tax Reports
up arrow 2%

Payroll Tax Compliance
up arrow 4%

Accounting
up arrow 5%


Auditing
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 472 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
9%
1-4 years
51%
5-9 years
22%
10-19 years
11%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 56%
vision benefits Vision: 45% employee benefits None: 22%
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