{"id":16470,"date":"2022-12-29T23:08:00","date_gmt":"2022-12-29T23:08:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=16470"},"modified":"2023-02-02T09:29:39","modified_gmt":"2023-02-02T09:29:39","slug":"tax-accountant-salary","status":"publish","type":"post","link":"https:\/\/businessyield.com\/finance-accounting\/tax-accountant-salary\/","title":{"rendered":"Tax Accountant Salary in the US (Updated!)","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Tax accountants, also known as certified public accountants<\/a> or CPAs, are responsible for preparing and reviewing tax records for both individuals and businesses. They can also guide businesses about how such financial decisions impact taxes. Accountants are effective because they have a keen eye for detail and strong math skills<\/a>. Tax accountant jobs are expected to rise 10% faster than average over the next decade, according to the Bureau of Labor Statistics (BLS). According to the Bureau of Labor Statistics, accountants earn a median annual income of $70,500. So, if you\u2019re wondering how much a tax accountant makes, keep in mind that a tax accountant\u2019s salary is determined by a number of factors. Tax accountants, for example, are paid differently than management accountants. Pay is influenced by factors such as location, job experience, and educational level.<\/p>\n The compensation of a tax accountant is determined in part by how long they have served in the sector<\/a>. Hence, accountants with more experience can handle more challenges, making their job skills more important. So, the analysis below depicts how the average salary of a tax accountant increases from entry-level to experienced positions.<\/p>\n Tax accountants typically hold a bachelor\u2019s degree<\/a> in accounting or a related field. Thus, master\u2019s degree holders, predictably, have a higher earning potential. Keep in mind, however, that degrees do not guarantee a specific salary, and not every accountant has an accounting degree.<\/p>\n Tax accountants have numerous opportunities for advancement, which typically take the form of promotions, increased responsibility, leadership positions, and higher pay. This graph depicts the most common promotions that tax accountants may receive, as well as the median salary for those positions.<\/p>\n POSSIBLE NEXT STEP Salary<\/strong><\/p>\n Senior Tax Accountant Salary<\/strong> $71,477<\/strong><\/p>\n Tax Manager <\/strong> $96,666<\/strong><\/p>\n Accounting Manager <\/strong> $70,163<\/strong><\/p>\n Another important factor influencing accountant salaries is location. Metropolitan areas typically pay more than small towns because the cost of living is higher in large cities. Hence states with the highest annual mean wage remain in the country\u2019s northeast.<\/p>\n Tax accountants prepare and submit tax documents for a wide range of businesses, and many profitable businesses pay well. Accountants are also paid well by the federal government.<\/p>\n
\nSo, let\u2019s examine market trends and learn about staff tax accountants\u2019 (CPA) salaries, from the basic level to the senior level with this guide.
\nFind out more about working as a tax accountant.<\/p>\nAverage Tax Accountants Salary<\/span><\/h2>\n
EXPERIENCE-BASED SALARY<\/span><\/h3>\n
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Average Tax Accountant Salary Based on Degree<\/span><\/h3>\n
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SALARY OPTIONS BASED ON CAREER PATH<\/span><\/h3>\n
What Are the Highest Salary paying States for Tax Accountants?<\/span><\/h2>\n
What are the Highest Paying Industries for Tax Accountants?<\/span><\/h3>\n