The average pay for a Tax Accountant is $22.70 per hour.
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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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.
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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
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.
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Key Stats for Tax Accountant
Gender
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Female
55 % |
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Male
45 % |
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Job Satisfaction
| Highly satisfied |
Rated 4 out of 5 based on 481 votes. |
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