What is a Tax Analyst?

A tax analyst is responsible for the preparation, review, and filing of tax forms. Apart from the preparation of taxes, tax analysts are hired to devise means for reduced tax payments. You are in charge of the preparation of tax returns and quarterly tax payments. You also handle all the tax paperwork for your client. Your job involves the calculation of taxes owed, saving gained from deductions, and other costs that influence the final tax estimate. As an analyst, you make recommendations that concern tax breaks, deductions, and ways to reduce tax expenses. To succeed as a tax analyst, you must stay updated about tax laws and recent modifications.

You need to possess a degree in accounting, finance, or other similar fields of study to work as a tax analyst. You must also be a detail-oriented analytical thinker. Great computer, communication, and time management skills are also required for the role. Tax analysts earn $64,897 on an average every year.

What Does a Tax Analyst Do

There are certain skills that many tax analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, interpersonal skills and analytical skills.

Learn more about what a Tax Analyst does

How To Become a Tax Analyst

If you're interested in becoming a tax analyst, one of the first things to consider is how much education you need. We've determined that 69.6% of tax analysts have a bachelor's degree. In terms of higher education levels, we found that 14.3% of tax analysts have master's degrees. Even though most tax analysts have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Tax Analyst
Top Tax Analyst Jobs Near You

Tax Analyst Career Paths

As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a tax analyst can determine their career goals through the career progression. For example, they could start out with a role such as senior tax analyst, progress to a title such as tax manager and then eventually end up with the title senior tax manager.

Tax Analyst

Average Salary for a Tax Analyst

Tax Analysts in America make an average salary of $61,745 per year or $30 per hour. The top 10 percent makes over $87,000 per year, while the bottom 10 percent under $43,000 per year.
Average Tax Analyst Salary
$61,745 Yearly
$29.69 hourly
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Roles and Types of Tax Analyst

The role of a tax analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general tax analyst responsibilities:

  • 1) preparation of foreign informational returns, federal, state
  • Research and resolve payroll tax notices for multi-state tax entities. As part of tax notice research process, it may be necessary to reconcile qtd
  • This individual will be responsible for: federal, state,

There are several types of tax analyst, including:

Analyst

Role:

An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.

Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.

The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?

  • Average Salary: $73,007
  • Degree: Bachelor's Degree

Staff Accountant

Role:

Many businesses rely on staff accountants to handle the "math" of the business. But that's just a lazy way for saying you'll be in charge of handling the budget and tax requirements. Basically, any financial records will be prepared and examined by you.

Depending on the industry you're in, the majority of the year will be your "busy season." Some industries this may not apply and you'll only be required to work the normal 40-hour work week.

Typically, staff accountants need a bit of an education to find a job. And no, we're not talking about a high school degree. Most employers prefer you to have a bachelor's degree. Here's to learning more math!

  • Average Salary: $54,216
  • Degree: Bachelor's Degree

Finance Analyst

Role:

You know how it's smart to invest your money? Well, the brains behind that operation is a finance analyst. Essentially, they're in charge of advising and supporting investment decisions of individuals and businesses.

Most finance analysts work full-time, but some work even more than that. The typical finance analyst enters the career having earned a bachelor's degree. With the extra education, employers tend to invest a lot of their dime to pay finance analysts. So having the higher education definitely pays off.

  • Average Salary: $69,887
  • Degree: Bachelor's Degree
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States With The Most Tax Analyst Jobs

Mouse over a state to see the number of active tax analyst jobs in each state. The darker areas on the map show where tax analysts earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Tax Analyst Jobs By State

RankStateNumber of JobsAverage Salary
1California4,218$74,841
2Texas2,368$55,994
3Florida1,744$43,370
4Illinois1,715$65,034
5New York1,705$69,124
6Virginia1,259$59,663
7Massachusetts1,112$65,637
8Pennsylvania1,103$55,740
9Georgia1,086$59,236
10Ohio985$63,680
11North Carolina940$61,977
12Maryland928$46,066
13Colorado829$60,442
14Minnesota826$63,285
15New Jersey793$76,779
16Michigan789$61,475
17Arizona746$54,822
18Missouri720$56,008
19Washington710$80,588
20Tennessee566$51,466
21Indiana563$42,030
22Wisconsin526$52,760
23Connecticut480$61,759
24Oregon438$49,356
25Alabama403$48,160
26Iowa399$52,742
27Utah361$51,703
28Kentucky307$47,189
29South Carolina303$63,278
30Nevada271$59,280
31Louisiana251$43,528
32Oklahoma240$55,874
33Kansas240$52,379
34Nebraska203$52,660
35Arkansas191$55,840
36New Hampshire158$61,099
37New Mexico146$57,897
38Idaho145$57,993
39Rhode Island140$62,731
40Mississippi138$51,832
41Delaware136$61,338
42Hawaii128$45,774
43Montana119$51,604
44West Virginia91$69,208
45Maine83$84,016
46Alaska77$57,114
47Vermont64$70,598
48South Dakota60$51,868
49North Dakota57$58,322
50Wyoming44$65,375

Tax Analyst Education

Tax Analyst Majors

Accounting
41.5 %
Business
26.7 %
Finance
9.7 %

Tax Analyst Degrees

Bachelors

69.6 %

Masters

14.3 %

Associate

10.8 %

Top Colleges for Tax Analysts

1. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

2. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

3. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

4. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

5. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition

$14,760

Enrollment

31,451

6. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition

$15,094

Enrollment

32,974

7. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

8. Baylor University

Waco, TX • Private

In-State Tuition

$45,542

Enrollment

14,159

9. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition

$7,262

Enrollment

14,629

10. Northeastern University

Boston, MA • Private

In-State Tuition

$51,522

Enrollment

13,760

Top Skills For a Tax Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 5.8% of tax analysts listed tax audits on their resume, but soft skills such as computer skills and interpersonal skills are important as well.

  • Tax Audits, 5.8%
  • Reconciliations, 4.5%
  • Tax Compliance, 4.2%
  • Tax Payments, 3.9%
  • Tax Software, 3.9%
  • Other Skills, 77.7%

Choose From 10+ Customizable Tax Analyst Resume templates

Zippia allows you to choose from different easy-to-use Tax Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Tax Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Tax Analyst Resume
Tax Analyst Resume
Tax Analyst Resume
Tax Analyst Resume
Tax Analyst Resume
Tax Analyst Resume
Tax Analyst Resume
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Tax Analyst Resume
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Tax Analyst Resume
Tax Analyst Resume

Tax Analyst diversity

Tax Analyst Gender Distribution

Female
Female
57%
Male
Male
43%

After extensive research and analysis, Zippia's data science team found that:

  • Among tax analysts, 57.1% of them are women, while 42.9% are men.

  • The most common race/ethnicity among tax analysts is White, which makes up 56.6% of all tax analysts.

  • The most common foreign language among tax analysts is Spanish at 45.3%.

Online Courses For Tax Analyst That You May Like

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Best States For a Tax Analyst

Some places are better than others when it comes to starting a career as a tax analyst. The best states for people in this position are Maine, Washington, New Jersey, and California. Tax analysts make the most in Maine with an average salary of $84,016. Whereas in Washington and New Jersey, they would average $80,588 and $76,779, respectively. While tax analysts would only make an average of $74,841 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. California

Total Tax Analyst Jobs: 4,218
Highest 10% Earn:
$111,000
Location Quotient:
1.27

$74,841

Avg. Salary

View 4,218 Tax Analyst Jobs In CA

2. Washington

Total Tax Analyst Jobs: 710
Highest 10% Earn:
$116,000
Location Quotient:
0.86

$80,588

Avg. Salary

View 710 Tax Analyst Jobs In WA

3. Illinois

Total Tax Analyst Jobs: 1,715
Highest 10% Earn:
$92,000
Location Quotient:
1.27

$65,034

Avg. Salary

View 1,715 Tax Analyst Jobs In IL
Full List Of Best States For Tax Analysts

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Top Tax Analyst Employers

Most Common Employers For Tax Analyst

RankCompanyAverage SalaryHourly RateJob Openings
1GE Capital$107,349$51.6122
2Amazon$104,562$50.27100
3Ernst & Young$100,765$48.4444
4BNY Mellon$96,253$46.2825
5JPMorgan Chase & Co.$94,495$45.4335
6Citi$86,004$41.3543
7IBM$85,212$40.9729
8Thomson Reuters$82,116$39.4837
9Intuit$80,837$38.8650
10T-Mobile$74,892$36.0124
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Updated April 6, 2023