How Much Do Tax Specialists Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary tax specialists make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for tax specialists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of tax specialists are offering as compensation.
Keep reading to learn more about how much tax specialists can expect to make in the United States.
At a Glance: Salary & Jobs for Tax Specialists
According to data from 2023, there were about 54,847 positions for tax specialists in the United States. In terms of salary, the national median salary for tax specialists was reported to be $58,531. Additionally, when examining job demand, employers across the country posted 12,444 job postings related to positions for tax specialists.
How Much Money Do Tax Specialists Make?
Median salary is just one data point. To build a better understanding of how much money tax specialists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for tax specialists.
Annual Salary for Tax Specialists
According to the BLS, the lowest earners for tax specialists and related professions earned about $37,690 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $107,661 annually.
As mentioned previously, the median salary for tax specialists in the United States in 2023 was $58,531.
Annual Salary Range For Tax Specialists In 2023
Hourly Salary for Tax Specialists
The BLS also breaks down compensation for tax specialists by hourly salary, and the median average hourly pay for tax specialists in 2023 was $28. Lowest hourly earners took home $18 while the highest reported hourly salaries for tax specialists was $52.
Hourly Salary Range For Tax Specialists In 2023
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Degree Options for Tax Specialists
Develop the foundational financial skills needed to keep business running successfully, including financial reporting and analysis, managerial accounting, and federal taxes, so you can start your career as an accounting technician, tax preparer, payroll assistant and more.
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Turn a head for numbers into a career as a financial associate or analyst, and help businesses turn financial data into actionable insights that can maximize investments, improve cash flow, and impact decisionmaking.
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Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.
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- Accreditation: IACBE
Master finance principles and develop all-inclusive corporate finance strategies for business firms and financial institutions.
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Distinguish yourself as a knowledgeable accounting professional with advanced technical, research, and communication skills.
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- Months To Complete: 17
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- Placement Tests: GMAT/GRE not required for admission
Learn to decipher the numbers and communicate your findings with confidence and clarity in Franklin’s M.S. in Accounting with a focus in Taxation. The 17-month, online program is accredited by the International Assembly for Collegiate Business Education (IACBE) and features interactive courses led by in-field practitioners.
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Advertised Compensation for Tax Specialists
Data from the BLS is one way to dig into compensation for tax specialists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for tax specialists.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Tax Specialists
Advertised Annual Salary
During a review of 11,127 job postings related to tax specialists, advertised salary was included in 4,502 of them, which was 40%. Based on those postings, the median advertised salary for tax specialists was $66,944 per year.
Hourly Salary from Job Postings for Tax Specialists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for tax specialists. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for tax specialists in the United States is about $32.
Salary Trend for Tax Specialists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for tax specialists. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for tax specialists dating back to September 2020, advertised salaries for tax specialists have increased 21%.
Advertised Wage Trend For Tax Specialists
What's the Job Growth for Tax Specialists?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for tax specialists over the next 10 years.
According to the data obtained through Lightcast,™ there were 54,791 jobs for tax specialists in the United States in 2023. By 2033, it is expected that about 2,661 jobs will be added. That's a 4.9% increase over the next 10-year period.
Employment Projections For Tax Specialists
Additional Links
Ready to dig deeper into career information about tax specialists? Visit our other pages focused on salary and education for tax specialists.
What do tax specialists do?
Tax Specialists: How do you become one?
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