Number of Tax Preparation Services Businesses in the US (2000–2023)
As of 2023
104,020
tax preparation services businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The tax preparation services industry has grown 21.9% since 2000 (from 85,299 to 104,020 firms).
- •The peak year was 2021 with 104,449 firms.
- •Recent trend (last 5 years): the industry is growing (+4.5%).
- •Employment: 1,353,862 workers in 2023 (14.8% change since 2000).
- •Estimated 5-year survival rate: 62%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 104,020 | 120,002 | 1,353,862 | 9.7% | 9.2% | +4.2% |
| 2022 | 103,722 | 119,403 | 1,229,846 | 10.1% | 14.1% | +4.9% |
| 2021 | 104,449 | 124,263 | 1,175,858 | 10.5% | 8.4% | -0.4% |
| 2020 | 101,499 | 121,381 | 1,182,006 | 9.7% | 8.1% | +2.3% |
| 2019 | 99,574 | 119,433 | 1,157,072 | 8.0% | 8.0% | +0.7% |
| 2018 | 99,350 | 119,374 | 1,149,869 | 8.4% | 8.0% | +0.4% |
| 2017 | 99,445 | 118,956 | 1,148,488 | 7.9% | 8.0% | -0.6% |
| 2016 | 99,550 | 119,429 | 1,251,189 | 8.4% | 8.3% | +1.2% |
| 2015 | 99,214 | 119,249 | 1,344,143 | 8.6% | 8.0% | +5.0% |
| 2014 | 99,178 | 118,531 | 1,281,518 | 11.8% | 8.4% | +5.2% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.