2024 Enrolled Agent Salary Guide Does It Pay To Be An EA?

Their advisory services are recognized throughout the US and are very comprehensive. Tax preparers work with taxpayers to complete federal and state tax returns. This job usually involves https://www.bookstime.com/ a busy season, with the highest workload occurring from December to mid-April. CPAs can also be found in a variety of environments from large public accounting firms to local firms.

Comparing Other Finance Careers

• Each exam lasts 3.5 hours and contains 100 multiple-choice questions.
• As of February 2023, ZipRecruiter.com has the national average salary for CPAs as $77,370.
• CPAs can provide a much wider scope of tax services than an EA can.
• In order to become a certified public accountant, candidates are required to complete a minimum of 150 undergraduate hours.
• Managers are looking for new ideas and are prepared to provide the necessary on-the-job training to prepare new hires for success.

Jobs paying $47,500 or less are in the 25th or less percentile range, while jobs paying more than $70,500 are in the 75th or more percentile range. The average enrolled agent salary has risen by $3,188 over the last ten years. In 2014, the average enrolled agent earned $31,983 annually, but today, they earn $35,171 a year. That works out to a 4% change in pay for enrolled agents over the last decade.

How much does it cost to take the special enrollment examination? (updated March 1,

Certified public accountants do generally have more job opportunities due to the fact that they can work for private individuals, in the private sector, or for the government. A financial advisor can help you maximize the tax efficiency of your investments and assist you in creating and carrying out a long-term plan. The Certified Public Accountant license is a state-level credential offered by each State Board of Accountancy. Before we compare salaries, we should note that EAs and CPAs don’t necessarily perform the same job. If you fail an exam part, you must allow 24 hours before scheduling another appointment for that same part. However, you can schedule an appointment for a different exam part without waiting 24 hours.

How much do Enrolled Agents make compared to the Average Tax Preparer?

Furthermore, enrolled agents are able to represent citizens abroad in tax matters. As of October 2021, the Bureau of Labor Statistics (BLS) recorded the national median salary for CPAs in the U.S. as $73,560. Jobs paying $58,500 or less are in the 25th percentile range, while jobs paying more than $83,000 are in 75th percentile.

Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. If you are considering making a career change or simply exploring career options in the accounting industry, one career choice you may be thinking about is becoming an Enrolled Agent (EA). We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Surgent offers study materials for both the CPA Exam and the EA Exam to get you on your way to licensure and your new career. “Out of the 100 questions, 85 are scored and weighted equally, while 15 are experimental questions that do not count towards your score. Please allow 60 days for processing ( days if you are a former IRS employee).

Estimate Salary for Enrolled Agent online for free

Enrolled agent salary is impacted by location, education, and experience. Individuals who are considering a new career path may find that becoming an enrolled agent is the right choice. Offering enrolled agent salary excellent job security and the opportunity to have jurisdiction throughout the United States, the position of enrolled agent can provide a good salary along with a rewarding career.

• In fact, there’s some reason to believe that EAs are more in demand than ever and will continue to be in demand due to many EA retirements.
• You will also receive diagnostic information to assist you with future examination preparation.
• Scaled scores are determined by calculating the number of questions answered correctly and converting it to a scale that ranges from 40 to 130.
• They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues.
• In 2014, the average enrolled agent earned $31,983 annually, but today, they earn $35,171 a year.
• To a large degree, the job of enrollment agents is actually recession proof.

Enrolled Agent salary trends

Therefore, the girl is dependent on the taxpayer and needs coverage for expenses related to tuition fees and hostel stay. However, the student is eligible for a scholarship on her tuition fees. Next is the five years of work experience working with the IRS, which is extremely important to gain practical knowledge in the field of enrolled agents for the IRS. The first step is to obtain the Preparer Tax Identification Number (PTIN). Once the above is submitted, the account is created, and PTIN is generated.

• Especially in organizations that employ many tax experts, having an office manager with tax expertise is incredibly valuable.
• As you weigh the two options, consider differences in salary, job function and career path.
• Today, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.
• While professionals with both certifications have significant expertise, choosing between them will come down to your personal needs.
• Given the current rising number of examinations, more citizens have found themselves in need of representation.
• For instance, in California, the salary will be comparatively higher than any other location in the US.