Enrolled Agent Salary – Update 2017

Enrolled Agent Salary – Update 2017
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It’s one of the first questions people ask when considering a career as an Enrolled Agent. Here’s the latest data from payscale.com

Average National Salary

The median salary for Enrolled Agents is currently nearly $49,000 a year according to PayScale.com, which compares pretty favorably to the median figure of $49,500 a year for an Accountant (also according to PayScale.com). Interestingly a Tax Accountant does better with a median salary of around $52,000.

Enrolled Agent Salary Ranges

An Enrolled Agent can typically earn as much as a Tax Accountant with an average salary of over $86,000 (based on over 170,000 job postings at Indeed.com). The main difference between the two is that the Tax Accountant has a higher entry point, which would make sense considering the additional education and degree requirement necessary to enter the field.

But, as you can see, the high end of an EA’s salary range is higher than that of accountants, tax accountants, and staff accountants – and all that, without needing a college degree, 4 + years, of study or the burden of  student loans.

Geographical Differences

While the larger cities all pay more – the cost of living is higher, too. But it looks like San Francisco is the place to be an Enrolled Agent with starting salaries for EA’s hovering around $60,000 a year. Other great cities are Los Angeles, New York, Phoenix, San Jose and Houston! Go figure!

Salary Makeup

Even if you’re not in a management role, bonuses add a bit to Enrolled Agent salaries. Average staff bonuses for the year tend to be just under $2,000 whereas Tax Accountants tend to be just above $2,250. Bear in mind, smaller, more personal offices tend to give larger bonuses to staff. And when you become a manager, your compensation and bonus increase. Sometimes, substantially.

Of course, these figures are just averages and what you earn as an Enrolled Agent is entirely up to you. If you want to make a million dollars a year you can, TaxMama’s Online EA Exam Review Course even offers a a special course to teach you how to do just that!

Of course, if you’re happy working part time and fitting a business around your busy life a career as an EA is a super flexible choice.

The Perfect Career For…

In fact, being an EA is a great way to earn money while in college – and to build up a client base for after graduation. This is especially important today, with students dealing with education credits, student loans, scholarships, grants, stipends, a variety of student and working visas, health insurance, FAFSA applications, loan defaults and so much more. You have a built-in client base if you’re in college – or even in vocational school.

The Enrolled Agent credential is the perfect career for single mothers needing a flexible schedule – and especially when they need a stay-at-home line of work. In fact, this is an excellent business to run from home – giving you the flexibility to stay near your family – while earning substantially more than you could on a job.

If you’re serious about passing the EA Exam – and learning tax law – then this is the course for you.

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Image Credit: Starting Salary by studio tdes on Flickr

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