Tax Accountant Salary

Tax Accountants in the United States pull down an average of $55K annually. Overall compensation packages to Tax Accountants range from $39K on the low end to $77K on the high end; this includes bonuses that peak near $6K and profit sharing that approaches $4K, with some high rollers snagging commissions as high as $20K. Earnings for this group are mostly affected by career length, followed by the specific employer and geography. Women Tax Accountants who took the survey just slightly outnumber men. While some workers in this profession — nearly one-fourth — do not have any health coverage, a strong majority do receive medical benefits and a little more than half have dental insurance. Job satisfaction is high and work is enjoyable for most Tax Accountants. This overview is based on answers to PayScale's salary questionnaire.

$40,672 - $73,233
$41K
$55K
$73K
MEDIAN: $54,776
10%
50%
90%

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$14.74 - $35.82
$15
$22
$36
MEDIAN: $22.13
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$26K$52K$78K
Salary
$40,672 - $73,233  
   
Bonus
$490.84 - $6,436  
Profit Sharing
$0.00 - $4,431  
Commission
$0.14 - $19,727  
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).
)
$39,180 - $76,669  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,407
© PayScale, Inc. @ www.payscale.com
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
$14.74 - $35.82  
   
Hourly Tips
$10.00  
Overtime
$21.78 - $49.20  
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
$490.84 - $6,436  
   
Commission
$0.14 - $19,727  
Profit Sharing
$0.00 - $4,431  
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).
)
$39,180 - $76,669  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 277
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

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 $123K per year. When Tax Accountants are ready for the next step in their careers, they often become Senior Tax Accountants or Tax Managers. Those roles pay an additional $10K and $38K, respectively.

Tax Accountant Job Listings

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Popular Employer Salaries for Tax Accountant


With a median salary of $62K, PricewaterhouseCoopers offers Tax Accountants the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $59K and are capped at $77K.

Popular Skills for Tax Accountant


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Tax Compliance, Tax Consulting, Financial Analysis, and Software Knowledge are correlated to pay that is above average, with boosts in pay of 5 percent. Skills that are correlated to lower pay, on the other hand, include Bookkeeping, Quickbooks, and Accounting. Most people experienced in Tax Compliance also know Microsoft Excel.

Pay by Experience Level for Tax Accountant

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


For Tax Accountants, experience does not seem to be a major factor in determining pay. The average beginner in this position makes around $53K, but folks who have been around for five to 10 years see a markedly higher median salary of $63K. Tax Accountants see a median salary of $64K after reaching one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Tax Accountants with more than 20 years of experience earn a predictably higher median salary of $72K.

Pay Difference by Location

National Average: $55,208

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

San Francisco is home to an above-average pay rate for Tax Accountants, 14 percent higher than the national average. Tax Accountants can also look forward to large paychecks in cities like Chicago (+10 percent), Los Angeles (+9 percent), New York (+7 percent), and Atlanta (+7 percent). Trailing the national average by 10 percent, Milwaukee is the market with the smallest paychecks. Not at the bottom but still paying below the median are employers in St. Louis and Nashville (8 percent lower and 2 percent lower, respectively).

Related Job Salaries

Key Stats for Tax Accountant

Gender

Female
57 %
Male
43 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 254 votes.
Less than 1 year
9%
1-4 years
53%
5-9 years
19%
10-19 years
10%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Tax Accountant Salaries

▲30%

▲16%

▲13%

National Average
$55,000

▼5%

Skills That Affect Tax Accountant Salaries










Auditing
▼0%

National Average
$55,000


▼4%


Accounting
▼4%

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 254 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
9%
1-4 years
53%
5-9 years
19%
10-19 years
10%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 53%
vision benefits
Vision: 43%
dental benefits
None: 25%
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