Best Online Master’s in Taxation Programs

An online master’s degree in taxation program trains students in advanced accounting, tax compliance, and tax planning. Students complete courses in corporate taxation, federal tax procedures, and international taxation rules.

A graduate degree can lead to new career opportunities and higher earning potential. As of April 2024, professionals with a master’s in taxation earned an average salary of $96,000 per year, according to Payscale.

Graduate students can earn their master’s degrees in taxation in as little as one year. The cost of a master’s program in taxation can vary widely, depending on the school and program.

According to the National Center for Education Statistics, in 2021-2022, public colleges and universities charged an average of about $12,600 per year in tuition and fees. Private institutions charged about $28,020.

An online learning format can help students save money. Distance learners can research programs based on costs to find the best option for their budget and see if the top online colleges meet high academic standards. Read more in this guide to determine the right online master’s in taxation programs for you.

At most universities, the business school offers graduate degrees in taxation. Master’s in taxation programs typically require 30-36 credits of coursework.

Students who choose an online master’s in taxation program complete coursework using a distance learning format. Depending on the program, graduate students may take classes in live sessions at set times or on their own schedule.

Curriculum requirements vary by program. Most require core taxation classes that cover advanced topics in the field. In some programs, students can customize their course of study through a concentration or electives.

For example, some programs offer a certified public accountant (CPA) track for students pursuing their license. Other programs may offer taxation as a concentration within a master’s in accounting program.

Online taxation programs may require a background in accounting for admission. Applicants without a bachelor’s in accounting, business, or a related field may need to complete prerequisite courses.

Programs typically also ask for official transcripts, a resume, recommendation materials, and a statement of purpose during the application process. Applicants may also need to submit GMAT or GRE scores.

Before entering a master’s program in taxation, incoming students should prepare for grad school by budgeting, creating a schedule, and networking with incoming peers.

Online master’s programs often set similar graduate admission requirements as on-campus programs. Prospective students submit an application, test scores, letters of recommendation, a resume, essays, and official transcripts. However, online programs may also add additional steps, including virtual interviews to discuss program fit.

When considering a master’s program in taxation, applicants should make sure they meet all admission requirements. For example, some programs require GMAT or GRE scores, while others do not.

An online master’s degree in taxation program can prepare graduates for specialized careers in financial services, accounting, and tax management. Many students pursue their taxation master’s degree to meet the requirements for a certified public accounting license. CPAs must complete 30 credits of coursework after earning a bachelor’s degree, and a master’s in taxation meets the requirement.

Other common career paths include roles like tax manager, financial manager, and personal financial advisor. With a background in law, graduates can also work as tax attorneys.

The earning potential with a taxation master’s degree varies depending on the field. Many roles report earnings in the six figures.

For example, tax managers, financial managers, and CPAs can all earn salaries of over $100,000 per year. Strong job growth is projected for many of these fields. For example, the Bureau of Labor Statistics (BLS) projects that positions for financial managers will grow by 16% between 2022 and 2032, a much faster rate of growth than the average across all occupations.

After completing an online master’s in taxation program, graduates can continue their education. Many pursue professional certifications and licenses, such as a CPA license, to work in specific fields. Certifications and licenses may require continuing education to maintain the credential.

Graduates can also pursue a doctorate in taxation or a related program like accounting or business. A doctorate is the terminal degree in business and can prepare graduates for research and academic careers.

Cost is a top concern for prospective students. And the posted tuition rate may not represent the true program cost. Many factors shape cost, including private vs. public school, residency status, and learning format. Learn how to compare on-campus vs. online program costs and consider schools with tuition discounts for in-state or online learners.

Online programs come in many formats. A synchronous program uses set meeting times, while asynchronous programs do not hold live classes. Students must also choose between a full-time or part-time enrollment option. And some master’s in taxation programs offer accelerated formats to complete a degree in as little as one year.

Online learners may benefit from choosing a program in their area. A local school makes it easier to attend hybrid programs or meet any on-campus requirements. Local schools may also boast stronger industry and alumni connections. However, other students prefer choosing a top program regardless of the location.

Accredited schools meet high standards for academic excellence. Graduate students should always choose an accredited institution. An accredited degree meets more licensure and certification requirements. And, graduate students at accredited schools can qualify for federal financial aid. In addition to an accredited school, prospective students can also look for business school accreditation.

Online programs should offer student support services for distance learners. Services like academic advising, tutoring, mentorship support, and library services help online students complete a degree. Prospective students can also look into internship options and alumni networks to prepare for the transition from a graduate program into the workforce.