Specialize in Taxation with a Master's of Taxation
A master's degree in taxation prepares students for careers as tax managers, tax accountants, and certified public accountants (CPAs). Specialized taxation coursework covers effective tax strategies.
Students pursuing an online master's degree in taxation benefit from flexibility. Learners can complete coursework from anywhere. Online enrollees can also choose the most affordable program without relocating.
Our list ranks the most affordable online master's in taxation programs. Read on to learn about costs, courses, and potential careers for taxation majors.
Frequently Asked Questions About Taxation Degrees
What can I do with a master's in taxation?
Graduates can pursue a variety of careers in taxation or financial services. Many careers pay above-average salaries.
How long does it take to get a master's in taxation?
Full-time learners can earn a master's degree in two years. Students can explore accelerated programs to graduate sooner.
What's the difference between taxation and accounting?
Taxation is a subfield within accounting. It refers to the laws and regulations related to local, state, or federal taxes. Accounting focuses on transactions.
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Why Get a Master's Degree in Taxation?
Earning a master's in taxation can help professionals advance their careers and boost their salaries. Master's programs provide advanced training in complex areas. Degree-seekers study corporate tax regulations, international tax laws, and property taxation rules.
Pursuing an online master's degree in taxation offers many benefits. Online programs often run asynchronously, allowing enrollees to complete coursework around other responsibilities. In addition, accountants can earn the 30 credits required for a CPA license by completing a master's in taxation.
How Much Does a Taxation Degree Cost?
The cost of master's in taxation programs varies by school. According to EducationData.org, master's degrees cost an average of $66,340. Students can save money by enrolling in public, in-state schools. Out-of-state and private universities charge higher tuition rates.
Many institutions offer tuition discounts for fully online students. Out-of-state learners may qualify for in-state tuition if they complete their degree online. Master's students can reduce their out-of-pocket expenses by applying for scholarships and grants.
Additional Online Student Fees
Online learners do not pay for campus housing or meal plans. However, they should budget for other expenses such as books and class materials. Some online universities charge technology or graduation fees. Students pursuing an online master's degree in taxation may need to buy a new laptop or upgrade their internet.
Some online programs include in-person requirements. Campus visits may add travel and lodging costs. Learners can check with their prospective schools on total degree costs.
How Much Do Taxation Majors Make?
Professionals with a master's in taxation earn an average of $90,000 per year, according to Nov. 2021 PayScale data. Taxation professionals can earn more as they gain experience. They can also boost their salary by relocating or changing employers.
Courses in a Master's in Taxation Program
Learners pursuing a master's degree in taxation receive advanced training in complex taxation areas. Students complete core and elective courses. Some programs provide specialization options. The curriculum may include internships or master's projects.
See below for common courses in master's in taxation programs. Keep in mind that courses and descriptions vary by school.
Corporations can face complicated tax situations. This course provides advanced training in corporate tax laws and regulations. Learners study corporate tax deductions and regulations on shareholder distributions. Students also explore the tax implications of acquisitions or divisions. Coursework prepares graduates to work as tax managers in corporate settings.
Property transactions can trigger many different taxation scenarios. Students examine the tax implications of acquiring, owning, and selling property. Coursework covers property tax and installment reporting for property sales. The class prepares graduates for roles in real estate taxation.
Taxation and Property
Enrollees explore advanced tax planning techniques. Coursework covers topics like deferred taxation strategies, effective tax rates, and estimated tax filings. Learners also examine reporting requirements, international tax regulations, and tax allocations. The course covers tax preparers' ethical responsibilities.
Income Tax Accounting
Career and Salary Outlook for Taxation Majors
An online master's degree in taxation prepares graduates for many careers. With 30 post-bachelor's credits, professionals can become CPAs. These professionals specialize in taxation-related issues and work for companies and individuals. A master's degree can also lead to opportunities in finance.
See below for potential career paths for master's degree holders.
Financial AnalystsThese professionals evaluate investments and financial documents to recommend strategies to their clients. They assess investment performance, research financial trends, and manage portfolios. Financial analysts also determine companies' values and recommend changes to increase profits. Analysts with taxation backgrounds can work as tax analysts.
Financial ManagersThese managers oversee analysts and implement plans to improve their organization's financial health. They recommend investment strategies, monitor financial transactions, and create forecast reports. Financial managers who specialize in taxation, such as tax managers, recommend tax strategies to corporations. They help organizations manage transactions that trigger taxes. Financial managers also help companies maximize their deductions to minimize their taxes.
Accountants and AuditorsThese professionals create financial documents, including tax returns. They evaluate financial records to identify and correct errors. Accountants recommend taxation strategies to clients. Professionals may specialize in internal auditing or forensic accounting. With a master's degree, accountants can earn their CPA license.
|Career||Median Annual Salary||Projected Growth Rate (2020-2030)|
|Accountants and Auditors||$73,560||7%|
Source: Bureau of Labor Statistics
Most Affordable Online Master's in Taxation Degrees
See our rankings methodology page.
Florida Atlantic University
|Location||Boca Raton, Florida|
|Percent Online Enrollment||
At Florida Atlantic University, students receive advanced preparation in degrees designed for busy learners. The executive master of taxation program is among the 13 online master's degrees delivered from the Boca Raton, Florida, campus. This adaptable program makes graduate education accessible to caretakers, full-time workers, and anyone unable to relocate for school.
Applicants should review the program page for more admissions information. Prospective enrollees usually need a bachelor’s. The program offers advanced training for high-level accounting careers and other opportunities a bachelor’s alone could not provide. A doctorate or another terminal degree is the next step for some master's graduates.
Tuition varies by learners' residency status. Florida residents pay an average of $5,467 annually, while out-of-state enrollees pay $16,695. Learners can use resources at the financial aid department to find out if they qualify for grants and scholarships. Many students may also want to consider loans as an option to afford tuition.
University of Southern California
|Location||Los Angeles, California|
|Percent Online Enrollment||
Los Angeles-based University of Southern California administers a comprehensive catalog of degrees. Students interested in graduate programs they can pursue from a distance can choose from 55 master's programs available online. The master of business taxation for working professionals is ideal for learners interested in the tax field.
Online education's flexibility and adaptability attract many graduate students to this program. Caretakers, workers, and other busy enrollees may find it easy to work this master’s degree into their schedules. Deep experience providing rigorous degrees that emphasize both quality and flexible learning is a hallmark of this institution.
The admissions rate for this school is 11% on average per year, but expect some variations across programs. In order to receive consideration, master's degree-seekers need a bachelor's degree unless otherwise stated. Consult with the program to learn about application requirements and deadlines.
University of Denver
|Percent Online Enrollment||
University of Denver has a reputation for developing rigorous online graduate programs. The master in taxation program is an excellent choice for bachelor's degree-holders who want to advance their financial background. Enrollees can complete the graduate curriculum remotely.
The 12-to-1 student-to-teacher ratio is a big draw for students who want more individualized attention and faculty mentorship opportunities. Learners complete a strong taxation curriculum delivered by faculty with industry expertise. The training learners receive is an important step for career advancement or a doctoral degree in this field and related ones.
The school charges all enrollees $51,336 per year in tuition. The financial aid department can explore aid with degree-seekers. Funding options may include scholarships and grants. Learners can also apply for financial aid, which about 34% of the school’s enrollees use to pay for their degree.
University of Cincinnati-Main Campus
|Percent Online Enrollment||
University of Cincinnati's academic catalog includes rigorous graduate education available online. The master's in taxation is an excellent choice for degree-holders with a bachelor’s in taxation who want to advance their careers in this field. The program emphasizes rigorous academics and a flexible learning format.
Enrollees benefit from a 17-to-1 student-to-teacher ratio in their classes. The biggest attraction is the educational attainment acquired when learners complete a rigorous curriculum delivered by experts. Obtaining this degree is of great benefit to those who want to advance their careers and pursue higher-paying positions.
Ohio residents pay a tuition of $12,790 annually. Out-of-state learners pay $24,532. Many degree-seekers work with the financial aid department to identify aid such as scholarships and grants. At this institution, about 45% of enrollees use student loans to finance all or part of their degree.
|Percent Online Enrollment||
Pennsylvania-based Villanova University is a private college with graduate programs in different fields. The institution is a leader in online graduate education with 17 master's degrees available remotely. The master of taxation is ideal for learners interested in the accounting field.
Graduate students can use online education's flexibility and adaptability to accomplish longstanding goals. Real-time interaction is often not required, and enrollees can complete coursework at their own pace within a given timeframe. Candidates gain invaluable knowledge that employers value or they may use to enter a doctoral program.
Though this number can vary between programs, applicants get admitted at a rate of 28% each year. Master's degree-seekers usually need a bachelor's degree in the same or a similar field in order to receive consideration. Contact the school to see how to apply to this program and submit the required documents.
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