Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks and enhancing productivity. Highly educated roles are most affected, while blue-collar jobs may see increased demand and pay.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Tax Preparers be replaced by AI & Robots?

Tax Preparers risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

44
(1-100)

Source

Key findings

GenAI is revolutionizing tax preparation by automating number crunching, market analysis, and compliance checks.

It streamlines data entry, scheduling, and writing tasks, enhancing efficiency and accuracy.

GenAI’s ability to generate text, multimedia content, and streamline decision-making processes will transform tax preparers’ work.

It complements skills like critical thinking, mathematics, and problem-solving, enabling tax preparers to focus on complex problem-solving and decision-making.

How could AI or automation replace or complement job activities?

AI, automation, or LLMs could be used to automate activities like digital data processing, information ordering, and number facility in Tax Preparers’ job.

These technologies could compute taxes, review financial records, and prepare tax returns efficiently.

For instance, AI algorithms could process tax forms and calculate owed taxes accurately, reducing human errors.

Job description

Prepares tax returns for individuals or small businesses.

Consequence of Making Errors

49

(1-100)

Moderately serious Source
The consequence of errors in tax preparation is moderate, but it doesn't directly indicate if the job will be automated soon.

How Repetitive is the Job?

82

(1-100)

Extremely important Source
Jobs like tax preparers, with many repetitive tasks, face higher automation risks. Yet, automation often targets specific tasks, not entire roles. Expect task automation to grow, reshaping the future of tax preparation.
Average Anual salary USD$
$55,840
Number of profesionals in USA
116,000

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