Tax Accountant Salary

Average Tax Accountants in the United States make around $52K per year. With some bonuses approaching $6K and certain profit sharing proceeds approaching $5K, overall incomes of Tax Accountants spread between $37K and $72K depending on individual performance. The most important factor affecting compensation for this group is the company, followed by the particular city and tenure. Women Tax Accountants who took the survey just slightly outnumber men. Work is enjoyable for Tax Accountants, who typically claim high levels of job satisfaction. While between a fifth and a fourth report receiving no health benefits, a fair number do receive medical coverage, and a majority have dental, as well. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$39,715 - $69,620
(Median)
$40K
$52K
$70K
MEDIAN: $51,918
10%
50%
90%

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$13.50 - $30.47
(Median)
$13
$20
$30
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$39,715 - $69,620  
   
Bonus
$0.00 - $5,910  
Profit Sharing
$207.81 - $5,333  
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).
)
$37,472 - $71,681  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,083
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$13.50 - $30.47  
   
Overtime
$18.56 - $43.68  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $5,910  
   
Commission
$150.00 - $5,250  
Profit Sharing
$207.81 - $5,333  
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).
)
$37,472 - $71,681  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | 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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For Tax Accountants, progressing to a Senior Tax Manager role may result in a significant raise. On average, a Senior Tax Manager can earn $120K annually. 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


Tax Accountants in search of the best pay head to PricewaterhouseCoopers, where the median salary rolls in at $61K. Although pay is top-notch overall, it does seem to be curbed at $79K, which isn't dramatically higher than the lower-end figure of $51K.

Popular Skills for Tax Accountant


Tax Accountants seem to require a rather large skill set. 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, with boosts between 3 percent and 7 percent. At the other end of the pay range are skills like 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.


Tax Accountants with a lot of experience do not necessarily enjoy more money. Those in the early stages of their career can expect to make around $51K; however, individuals with five to 10 years of experience bring in $57K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $60K in this role. 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, New York provides a pay rate that is 20 percent greater than the national average. Tax Accountants will also find cushy salaries in Seattle (+15 percent), San Francisco (+14 percent), Chicago (+12 percent), and Houston (+11 percent). The lowest-paying market is St. Louis, which sits 4 percent below the national average. A couple other locations with smaller-than-average paychecks include San Antonio (3 percent lower) and Miami (1 percent lower).

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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%

Software Knowledge
up arrow 2%

Financial Analysis
up arrow 2%

Financial Reporting
up arrow 2%

Tax Preparation
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 3%


Accounting
up arrow 6%

Auditing
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 477 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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