Tax Preparers: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

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.
Read more about what does a Tax Preparer really do at work and what is it like being and working as one.



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Salary

Average salary
$46860 per year

Average hourly wage
$23 per hour


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 statesHourlyAnnual
DC$47$97,070
MA$32$65,670
NY$31$63,440
CO$28$57,650
CA$27$57,040

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.


Requirements

Recommended degree level
High School Diploma (or GED)

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
Taxation
Read more about how to become a Tax Preparer and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Tax Preparer.

PROS
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.
CONS
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

Job satisfaction
68%

Is this job meaningful
35%


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

Best personality for this career
The Organizers and The Entrepreneurs

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.




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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

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