The salary statistics of tax preparers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare tax preparer salaries in different industries within the finance and insurance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $18,370 |
| 25th Percentile Wage | $26,930 |
| 50th Percentile Wage | $50,730 |
| 75th Percentile Wage | $69,880 |
| 90th Percentile Wage | $93,120 |
Table 1 shows the average annual salary for tax preparers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) tax preparers is $93,120. The median annual salary (50th percentile) is $50,730. The average annual salary for the bottom 10 percent paid tax preparers is $18,370.
The table and chart below show the trend of the median salary of tax preparers in the industry sector of finance and insurance from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $50,730 | 12.58% | 30.75% |
| 2017 | $44,350 | 3.86% | - |
| 2016 | $42,640 | -22.40% | - |
| 2015 | $52,190 | 26.25% | - |
| 2013 | $38,490 | 8.73% | - |
| 2012 | $35,130 | - | - |
The average salaries of tax preparers in three industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for tax preparer occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $57,830. The lowest paying industry is the activities related to credit intermediation industry (annual salary $35,180). For detailed tax preparer salary information in a particular industry, use the links provided below.
| Industry Name | Median Annual Salary |
|---|---|
| Securities and Commodity Contracts Intermediation and Brokerage | |
| Other Financial Investment Activities | |
| Activities Related to Credit Intermediation | |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].