Tax Accountant Salary

Median pay for Tax Accountants in the United States lies in the neighborhood of $55K annually. Including potential for bonuses and profit sharing — peaking near $6K and $5K, respectively — total cash payment to Tax Accountants can bottom out near $40K or peak near $77K depending on individual performance. Earnings for this group are mostly affected by experience level, followed by the specific employer and geographic location. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. The majority of workers are highly satisfied with their job. While some workers in this profession — approximately one-fourth — do not have any health coverage, a strong majority do receive medical benefits and a little more than half have dental insurance. The data in this summary comes from the PayScale salary survey.

$40,840 - $73,809
$41K
$55K
$74K
MEDIAN: $54,902
10%
50%
90%

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$14.85 - $34.94
$15
$22
$35
MEDIAN: $21.93
10%
50%
90%

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$0$76K
Salary $40,840 - $73,809
Bonus $409 - $6,842
Profit Sharing $0.00 - $4,392
Commission $0.00 - $12,913
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).
)
$39,470 - $76,845
  • Country: United States
  • Currency: USD
  • Updated: 11 Dec 2017
  • Individuals Reporting: 2,670
Hourly Data $0$46
Hourly Rate $14.85 - $34.94
Hourly Tips $10.00
Overtime $21.88 - $46.46
Annual Data $0$76K
Bonus $409 - $6,842
Commission $0.00 - $12,913
Profit Sharing $0.00 - $4,392
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).
)
$39,470 - $76,845
  • Country: United States
  • Currency: USD
  • Updated: 11 Dec 2017
  • Individuals Reporting: 518

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.

Popular Employer Salaries for Tax Accountant


Although salaries only range from $59K to just $77K, PricewaterhouseCoopers still offers the highest pay with a median paycheck of $62K.

Common Career Paths for Tax Accountant


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Tax Accountants' salaries may rise greatly for those who assume a higher-end position such as a Senior Tax Manager. The average Senior Tax Manager brings home $123K per year. Senior Tax Accountants or Tax Managers are common next-step roles for Tax Accountants moving up in their careers; annual pay for Senior Tax Accountants is $9K higher on average, and it's $37K higher for Tax Managers.

Tax Accountant Job Listings

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 seem to negatively impact pay include Bookkeeping, Quickbooks, and Accounting. For most people, competency in Tax Compliance indicates knowledge of 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: $55,216

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

For Tax Accountants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Tax Accountants can also look forward to large paychecks in cities like Chicago (+10 percent), Los Angeles (+8 percent), New York (+7 percent), and Atlanta (+6 percent). In Milwaukee, salaries are 10 percent below the national average and represent the lowest-paying market. St. Louis and Nashville are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 3 percent lower, respectively.

Tax Accountant Reviews

Q: What is it like working as a Tax Accountant?

Tax Accountant in West Hartford:
Pros: Great co-workers. Proximity to my home. Business location.
Cons: Not paid enough. Long inconsistent hours.

Tax Accountant in Amarillo:
"Tax Preparation."
Pros: Book Keeping. I love the environment.
Cons: Limited Time.

Tax Accountant in New York:
Pros: Taxes.
Cons: The stress and salary.

Tax Accountant in Richmond:
Pros: I like tax planning I like strategizing for future possibilities or scenarios and how they affect they tax liability.
Cons: I'm not paid enough. I do work insanely long hours during tax season but I wouldn't mind if I were better compensated.

Tax Accountant in Indianapolis:
"Complex but fulfilling."
Pros: Independently plan my work daily.
Cons: No increase in salary in 3 years.

Tax Accountant in Durango:
"Corporate culture."
Pros: Coworkers, corporate culture, flexibility.
Cons: Client behavior related to tax agressiveness.

Tax Accountant in Newark:
"Taxing the limits."
Pros: Help others get their finance in order.
Cons: Deadlines.

Related Job Salaries

Key Stats for Tax Accountant

Gender

Female
55 %
Male
45 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 479 votes.
Less than 1 year
9%
1-4 years
52%
5-9 years
20%
10-19 years
11%
20 years or more
8%

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

Highly satisfied
Rated 4 out of 5
based on 479 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
52%
5-9 years
20%
10-19 years
11%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 54%
vision benefits
Vision: 44%
no benefits
None: 23%