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.View Our Rankings List Here
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.
Taxation and Property
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.
Income Tax Accounting
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.
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.
These 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.
These 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 Auditors
These 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.
The public Florida Atlantic University based in Boca Raton, Florida, offers a master of taxation degree. Students can access the entire program on campus or in a hybrid format. This degree targets busy professionals and uses modern technology to follow a distance learning model.
This degree focuses on the analysis of technical tax topics and tax policy. Students should maintain a minimum 3.0 GPA to graduate. To take the CPA exam, candidates must complete 120 credits and hold a baccalaureate degree. They should also accrue a year or more of experience verified with a fully licensed CPA.
To gain admission into the program, prospective students must hold a bachelor's degree from an accredited institution and a competitive GPA for their final 60 credits. Students with bachelor's degrees must get their transcripts assessed by the National Association of Credential Evaluation Services. Florida Atlantic University is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
A private university based in Los Angeles, California, the University of Southern California offers an appealing master of business taxation for working professionals. This online program targets tax professionals who work full time and who want to expand their knowledge of taxation and acquire research skills to advance their careers.
The program lasts 21 months, and learners can study at their own pace. The curriculum includes 10 courses, equivalent to 30 credits. On-campus students take courses one night per week at the University Park Campus. Online students also take classes weekly, along with online exercises and activities they can schedule as they choose.
Applicants must hold a bachelor's degree, complete a year of experience working as a full-time tax professional, submit GMAT scores if they did not pass every section of the CPA exam, submit official transcripts, and provide a personal statement and resume. The University of Southern California is regionally accredited by the Western Association of Schools and Colleges Senior Colleges and University Commission (WSCUC).
With its main campus in Denver, Colorado, the University of Denver is a private university offering a master of taxation. This program helps students understand tax laws, using teaching materials based on the International Revenue Code, treasury guidelines, and other relevant materials.
Students can complete this program on campus or online. Full-time learners can earn this degree in one year. Students take courses such as fundamentals of taxation, corporate taxation, partnership taxation, and tax procedure as the core curriculum. The program also includes various elective courses.
Students must submit GRE or GMAT test scores to gain admission. They should also hold a bachelor's degree.
The University of Denver is regionally accredited by the Higher Learning Commission (HLC).
Based in Cincinnati, Ohio, the University of Cincinnati is a public university offering a master of science in taxation program. The program includes both interactive and practical courses, helping students gain the knowledge and techniques needed to thrive in this industry.
This MS in taxation requires 16 credits in core tax courses and 14 credits in elective courses. Each course equates to two credits and runs for seven weeks.
Prospective students must pay a $65 application fee and hand in two letters of recommendation, a personal statement, an updated resume, and official transcripts from undergraduate and graduate coursework. International students should submit TOEFL/IELTS test results. The University of Cincinnati is regionally accredited by the Higher Learning Commission (HLC).
A fully accredited public university based in Villanova, Pennsylvania, the Villanova University offers an online master of taxation program. This program targets business professionals and accountants looking to expand their knowledge of tax practice and policies.
The degree comprises 12 courses, taken over six semesters. Students can complete the 30-credit program in two years. The required courses make up 18 credits. The remaining 12 credits come from elective courses.
To gain admission, applicants must hold a bachelor's degree in accounting or any other business-related program. They should also submit official transcripts for all undergraduate and graduate coursework, plus test results for the GMAT, GRE, or CPA exam. Prospective students should also hand in a letter of recommendation, a resume, and an application essay.
Villanova University is regionally accredited by the Middle States Commission on Higher Education (MSCHE).
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