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Tax Accountant Salary

Tax Accountants in the United States can expect to earn an average of $51K annually. Overall incomes of Tax Accountants generally bottom out at around $37K and peak near $70K; the final number can, in exceptional cases, include upwards of $6K each for bonuses and profit sharing proceeds. Geography is the biggest factor affecting pay for this group, followed by career length and the specific company. Job satisfaction for Tax Accountants is high. Women make up a slight majority of Tax Accountants (55 percent) survey respondents. Although a strong majority have medical coverage and just over a half have dental coverage, slightly more than a fifth claim no health benefits at all. The information for this snapshot was generated by responses to the PayScale salary survey.
$39,151 - $67,977
(Median)
39K
45K
51K
59K
68K
MEDIAN: $51,263
10%
25%
50%
75%
90%

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$13.11 - $30.15
(Median)
13
16
20
25
30
MEDIAN: $20
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$39,151 - $67,977  
   
Bonus
$0.00 - $5,975  
Profit Sharing
$484.79 - $5,960  
Commission
$0.00 - $28,012  
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).
)
$36,815 - $69,985  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,059
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
$13.11 - $30.15  
   
Overtime
$18.02 - $42.33  
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 - $5,975  
   
Commission
$0.00 - $28,012  
Profit Sharing
$484.79 - $5,960  
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).
)
$36,815 - $69,985  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 483
United States (change)

Job Description for Tax Accountant

A tax accountant's main job is to assist his or her clients with the preparation and filing of their taxes. He or she must be able to prepare tax returns and reports, maintain records, and analyze and research complex tax issues. A tax accountant must also analyze tax regulations, recommend policies that minimize tax burden, and ensure compliance with state and federal regulations. He or she must also provide support during tax audits. A tax accountant must be able to work closely and professionally with a number of different clients ranging from those who simply do not want to be bothered to do their own taxes to those who do not know how to do their own taxes. While many tax accountants work alone with their clients, in particularly difficult cases he or she may be required to work alongside additional accountants and/or associates.

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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 an upper level Senior Tax Manager role may receive a large increase in pay as the position pays an average $119K 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.

Senior Tax Accountant Job Listings

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Popular Employer Salaries for Tax Accountant


Pay for Tax Accountants is the lowest at EY (Ernst & Young), which has a median salary of $56K. In addition, there's little room to grow there, with salaries maxing out at $70K.

Popular Skills for Tax Accountant


Tax Accountants report using a large range of 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, with boosts between 4 percent and 8 percent. Skills that pay less than market rate include Auditing, Bookkeeping, and Accounting. Most people familiar with 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.


More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $50K; however, individuals with five to 10 years of experience bring in $56K on average — a distinctly larger sum. On average, Tax Accountants make $57K following one to two decades on the job. Tax Accountants who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $58K on average.

Pay Difference by Location


With a pay rate for Tax Accountants that is 20 percent greater than the national average, New York offers a comfortable salary for those in this profession. Tax Accountants can also look forward to large paychecks in cities like Seattle (+17 percent), Houston (+14 percent), Chicago (+14 percent), and San Francisco (+14 percent). In St. Louis, salaries are 1 percent below the national average and represent the lowest-paying market.

Related Job Salaries

Experience Affects Tax Accountant Salaries




National Average
$51,000


Skills That Affect Tax Accountant Salaries



ADP Sales and Use Tax System
up arrow 4%

Microsoft Excel
up arrow 3%

Financial Analysis
up arrow 3%

Tax Preparation
up arrow 2%

Software Knowledge
up arrow 1%

Sales Tax Reports
up arrow 1%

Microsoft Office
0%

National Average
$51,000

Quickbooks
up arrow 2%

Payroll Tax Compliance
up arrow 2%

Accounting
up arrow 3%

Bookkeeping
up arrow 4%

Auditing
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 587 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
11%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 43% employee benefits None: 22%