Tax Analyst Salary

By Henry R. Steele - January 8, 2018
Reading Time: 8 minutes

The following article discusses the career path of Tax Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Tax Analysts.

Job Duties

Tax analysts process all documentation related to taxes for the business. They interact with the different authorities to ensure discrepancies are resolved. The audit and manage inventories according to internal procedures, speak to managers and analysts about their findings, and work together with tax employees and external auditors. They also look over existing company data, ensuring they can get the greatest tax benefits for the organization, while reporting on this at the same time.

A lot of the work a tax analyst does is about making sure financial reports are created and that the organization is fully tax compliant. They develop and implement strategies for tax payments and submit and review tax documents. They also recommend ways to improve compliance and minimize risks by putting strict policies in place and ensuring everyone is compliant with those. They also have to determine where tax savings could be made.

Other job duties of a tax analyst are:

  • To calculate the amount of taxes are owed and to file and process tax returns
  • To analyze the existing tax policies, ensuring that the company is fully compliant.
  • To understand federal, state, and local tax laws and ensure knowledge about these remains up to date
  • To provide assistance during audits

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 62,100 tax examiners and collectors, and revenue agents in 2016. The largest employers of these professionals were:

  • Federal government: 43%
  • State government, excluding education and hospitals: 39%
  • Local government, excluding education and hospitals: 18%

How to Become

Typically, tax analysts have at least an accountancy bachelor’s degree, or in a field related to finance. It is preferred for them to be experienced in the field of taxation, and to hold various industry certifications where needed. Mainly, they must train to gain an understanding of federal, state, and local tax laws, and to make sure their knowledge is always up to date.

Education Requirements

A bachelor’s degree in accounting, finance, or a related field is usually required for someone to be a tax analyst. If they wish to work for the Internal Revenue Service (IRS), they must also have at least one year’s experience within this. They should also have completed courses in tax analysis, bookkeeping, and accounting.

Formal training beyond a bachelor’s degree must also be engaged in. This is to ensure that a tax analyst learns about all the different federal, state, and local tax laws. Furthermore, it ensures their knowledge of the tax code remains up to date.

Traits & Qualities

The most effective tax analysts have the following traits to some degree or other:

  • Strong analytical skills
  • Excellent computer skills
  • Detail oriented
  • Strong interpersonal skills
  • Excellent organizational skills

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Tax Analyst was $62,619. This number is estimated from over 359,924 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $32.61 and monthly of $5,218.

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$22,000

$124,000

Salary Distribution

Salary by State

The following section lists Tax Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, New York had the largest quoted salary of $74,356 while Indiana had the smallest quoted salary of $28,327.

Arkansas Iowa Missouri Oregon
Arizona Illinois North Carolina Pennsylvania
California Indiana New Hampshire South Carolina
Colorado Kansas New Jersey Tennessee
Connecticut Massachusetts Nevada Texas
Delaware Maryland New York Utah
Florida Michigan Ohio Virginia
Georgia Minnesota Oklahoma Wisconsin
Arkansas$46,579 Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like Managed Staffing and Palace Gate Corporation.

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$12.15

$36.55

Salary Distribution
Arizona$53,005 Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Stephen James Associates, Inc., Robert Half Finance & Accounting, State of Arizona, and Avnet.

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$23,000

$94,000

Salary Distribution
California$72,539 Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like CyberCoders, Robert Half Finance & Accounting, TargetCW, and Intuit.

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$26,000

$141,000

Salary Distribution
Colorado$52,880 Rank: 27th

The average salary ranks 27th among states in the country. There were also job openings from employers like Oxford Tax Recruiting.

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$20,000

$102,000

Salary Distribution
Connecticut$71,949 Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Creative Financial Staffing, Kforce Finance and Accounting, Robert Half Finance & Accounting, and Aston Carter.

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$29,000

$133,000

Salary Distribution
Delaware$55,948 Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Randstad Professionals.

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$11.00

$55.70

Salary Distribution
Florida$58,694 Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like Ascendo Resources, Nason & Nason, Kforce Finance and Accounting, and Primary Recruiting Services.

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$26,000

$105,000

Salary Distribution
Georgia$60,278 Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like firstPRO Inc., Robert Half Finance & Accounting, Fidelis Search Accounting and Finance, and InterContinental Hotels Group.

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$25,000

$110,000

Salary Distribution
Iowa$33,388 Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like The Sedona Group, MidAmerican Energy, and Accountemps.

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$7.25

$34.00

Salary Distribution
Illinois$69,530 Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like CFS, Inc., Buckingham Search, Rayco Technical Solutions, LLC, and The Pursell Group.

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$35,000

$108,000

Salary Distribution
Indiana$28,327 Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like Parker and Lynch, Indiana Department of Revenue, State of Indiana, and Revenue Commissioners.

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$14,000

$65,000

Salary Distribution
Kansas$62,109 Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like CyberCoders, Sprint, and Aerotek.

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$24,000

$118,000

Salary Distribution
Massachusetts$70,069 Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Daley and Associates, Fenway Search Group, Kforce Finance and Accounting, and Robert Half Finance & Accounting.

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$25,000

$137,000

Salary Distribution
Maryland$59,766 Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$30,000

$94,000

Salary Distribution
Michigan$63,492 Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Venteon, Parker and Lynch, and Robert Half Finance & Accounting.

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$26,000

$116,000

Salary Distribution
Minnesota$59,785 Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like Oxford Tax Recruiting and Experis.

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$28,000

$104,000

Salary Distribution
Missouri$63,852 Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like H&R Block.

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$32,000

$97,000

Salary Distribution
North Carolina$66,932 Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like SearchAccountingJobs, Accounting Career Network, Parker and Lynch, and Fairview Search Group, LLC.

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$24,000

$129,000

Salary Distribution
New Hampshire$54,931 Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like KBW Financial.

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$10.40

$55.60

Salary Distribution
New Jersey$70,583 Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like CyberCoders, Henderson Harbor Group, Robert Half Finance & Accounting, and Parker and Lynch.

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$33,000

$122,000

Salary Distribution
Nevada$69,359 Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like CyberCoders and Reliable Software Resources Inc.

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$35,000

$106,000

Salary Distribution
New York$74,356 Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Execu|Search, Robert Half Finance & Accounting, Coda Search, and Towne & Locke.

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$26,000

$147,000

Salary Distribution
Ohio$62,274 Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like General Employment, General Employment, Inc., DAVON Wright Recruiting & Staffing, and Roland and Associates.

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$26,000

$114,000

Salary Distribution
Oklahoma$59,235 Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, Seres Smith Consulting, and Trinity Employment Specialists.

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$15,000

$130,000

Salary Distribution
Oregon$60,576 Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like Parker and Lynch, Mountain, Ltd, and Accounting Principals.

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$14.20

$55.55

Salary Distribution
Pennsylvania$60,923 Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, firstPRO Inc., Atlantic Group-Fortune 100 Company, and PeopleShare.

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$14,000

$161,000

Salary Distribution
South Carolina$57,860 Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like CIG and Recruiting Solutions.

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$21,000

$112,000

Salary Distribution
Tennessee$52,330 Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$19,000

$101,000

Salary Distribution
Texas$64,622 Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like The McIntyre Group, Creative Financial Staffing, Tenacious staffing, and Bridgepoint Consulting.

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$26,000

$119,000

Salary Distribution
Utah$50,563 Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like PrincePerelson & Associates.

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$15,000

$106,000

Salary Distribution
Virginia$58,500 Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like SpectrumCareers, Gilder Search Group, Randstad Professionals, and Accountemps.

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$22,000

$111,000

Salary Distribution
Wisconsin$62,650 Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like Parker and Lynch and Talent Logic, Inc..

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$25,000

$116,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Tax Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

Learn More

Related Careers

Career Name Average Salary
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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