Tax Preparers Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Tax Preparers
do Tax Preparers make a lot of money

Tax Preparers

Other names for this job might include Certified Income Tax Preparer (CTP), Corporate Tax Preparer, Enrolled Agent, Income Tax Advisor, Income Tax Consultant, Income Tax Expert, Income Tax Preparer, Licensed Tax Consultant, Master Tax Advisor, Tax Advisor


  • $45340
    Salary
  • 68%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

C+



How Much Successful Tax Preparers Make In 2017


In this salary guide, you will find out how much do Tax Preparers make.

After reading this, you will be able to make a decision if working as a Tax Preparer will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$45340 per year

Hourly wage
$21.800 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Tax Preparers make per year and what is their hourly wage.

According to BLS, the average annual salary of Tax Preparers is $45340. Their salary can also be as low as $19600 if you’re still a newbie with no experience to over $80250 if you have a ton of experience under your belt.

The typical hourly pay is $21.800 and can range from $9.420 to $38.580 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Tax Preparer will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
C

We wanted to make it easy for our readers to compare the salary of A Tax Preparer to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Tax Preparers make with other careers, they have a salary rank of C.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$38.580$80250
Senior (Top 25%)$27.830$57880
Middle (Mid 50%)$17.570$36550
Junior (Bottom 25%)$11.800$24550
No experience (Bottom 10%)$9.420$19600


Entry-level Tax Preparers who starts out at $24550 can expect to make $36550 after 3-5 years of experience in the field.

The bottom 10% makes less than $9.420 per hour while the top 10% makes over $38.580 per hour.

While the median wage is $36550 per annum or $17.570 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Management of Companies and Enterprises31.3265140
Credit Intermediation and Related Activities26.6955510
Legal Services26.3454780
Management, Scientific, and Technical Consulting Services25.9954050
Sector 56- Administrative and Support and Waste Management and Remediation Services22.9947820
Administrative and Support Services22.9947820
Employment Services22.7847380
All industries21.0943870
All industries, private ownership only21.0943870
Professional, Scientific, and Technical Services21.0643800
Accounting, Tax Preparation, Bookkeeping, and Payroll Services20.9543580
Information18.7438970
Publishing Industries (except Internet)18.6938880
Federal, State, and Local Government18.3438160
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service18.3438160

Not all industries pay the same for Tax Preparers.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
NY$28.17$58600
MA$28.1$58450
CO$27.49$57190
HI$27.14$56450
CA$27$56170
AK$26.2$54500
ND$25.99$54060
UT$24.81$51600
VT$24.78$51550
NV$24.4$50750

Another simple way to boost your pay as A Tax Preparer is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Tax Preparers are in the states of NY, MA, CO, HI and CA. The average salary in NY is $58600.



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Rank: C
Salary: $50120

They perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
Rank: C+
Salary: $38070

They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: C
Salary: $38120

They interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.





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Business Financial Management and Accounting
Financial and Investment Planning
Revenue and Taxation

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Related to Tax Preparers Salary

Tax Preparers salary, how much do Tax Preparers earn, Tax Preparers hourly wage, Tax Preparers annual pay, highest paying industries for Tax Preparers, which states pay the highest for Tax Preparers

Additional resources

http://www.bls.gov/oes/current/oes132082.htm
http://www.bls.gov/opub/ted/2016/concentration-of-tax-preparers-and-accountants-and-auditors-in-2015.htm

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Tax Preparers
Written by: Stanley Tan
Tax Preparers prepare tax returns for individuals or small businesses.
3.8 / 5 stars

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