Tax Preparers prepare tax returns for individuals or small businesses.
- Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
- Use all appropriate adjustments, deductions, and credits to keep clients’ taxes to a minimum.
- Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
- Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
Interested in becoming ? Find the right schools that can help you to become one. This service is free thanks to our sponsors.View available schools
Tax Preparers with little to no experience tend to make between $20550 and $26280 while the more experienced ones can earn over $60120 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Tax Preparer is to move to a higher paying state like DC. Right now, the highest paying states for Tax Preparers are DC, MA, NY, CO and CA.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Tax Preparer is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Tax Preparers what degree they had when they got the job and most of them said they had a High School Diploma followed by an Associate’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
|Accounting Technology/Technician and Bookkeeping|
Pros and Cons
Here are some of the pros and cons of being a Tax Preparer.
|Suitable for people who likes to follow routines|
|Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment|
|This career is perfect for people who love to work indoors.|
|It is not too difficult to get into this career. Previous work-related skill, knowledge, or experience is required for this career.|
|Not suitable for people who likes to work with designs|
|Salary is below average|
|Long working hours (More than 40 hours per week)|
What is the job like
68% of Tax Preparers said they were satisfied with their job and 35% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products.
provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
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.
analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
Related career information
Tax Preparers job description, Tax Preparers salary, Tax Preparers information, what is the job of a Tax Preparer like, pros and cons about Tax Preparers, colleges and universities for Tax Preparers, is Tax Preparers the right career for me, careers in Business and Finance
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