Tax Accountant Salary

For Tax Accountants, annual average wages total $55K per year. In the world of Tax Accountants, overall cash earnings stretch from $39K near the bottom to $76K 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. The most important factor affecting compensation for this group is career length, followed by the company and location. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. While some workers in this profession — around one in four — do not have any health coverage, a fair number do receive medical benefits and just over a half have dental insurance. Job satisfaction for Tax Accountants is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$40,963 - $73,162
$41K
$55K
$73K
MEDIAN: $54,744
10%
50%
90%

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$14.79 - $35.57
$15
$22
$36
MEDIAN: $22.12
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
$40,963 - $73,162  
   
Bonus
$490.72 - $6,390  
Profit Sharing
$0.00 - $5,002  
Commission
$0.21 - $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).
)
$39,344 - $76,365  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,478
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
$14.79 - $35.57  
   
Hourly Tips
$10.00  
Overtime
$21.85 - $48.87  
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
$490.72 - $6,390  
   
Commission
$0.21 - $19,574  
Profit Sharing
$0.00 - $5,002  
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).
)
$39,344 - $76,365  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 295

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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

  • 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 $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


Although the highest salaries can be found at PricewaterhouseCoopers where median pay is $62K, there is little variation in compensation; paychecks are spread only between $59K and $77K.

Popular Skills for Tax Accountant


Survey results imply that Tax Accountants deploy a substantial tool kit of skills at work. 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. Those educated in Tax Compliance tend to be well versed in Microsoft Excel.

Pay by Experience Level for Tax Accountant

Pay by Experience for a Tax Accountant has a positive trend. An entry-level Tax Accountant with less than 5 years of experience can expect to earn an average total compensation of $53,000 based on 1,180 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Tax Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $63,000 based on 399 salaries. An experienced Tax Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 216 salaries. A Tax Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 140 salaries.

Pay Difference by Location

National Average: $55,147

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

Tax Accountants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 14 percent. Tax Accountants will also find cushy salaries in Chicago (+10 percent), Los Angeles (+9 percent), New York (+7 percent), and Atlanta (+7 percent). Milwaukee ranks last in the field for pay, reporting salaries 10 percent below the national average. Not at the bottom but still paying below the median are employers in St. Louis and Nashville (7 percent lower and 2 percent lower, respectively).

Related Job Salaries

Key Stats for Tax Accountant

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 268 votes.
Less than 1 year
9%
1-4 years
53%
5-9 years
19%
10-19 years
11%
20 years or more
8%
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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 268 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
53%
5-9 years
19%
10-19 years
11%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 54%
vision benefits
Vision: 45%
no benefits
None: 24%
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