Work Opportunity Tax Credit Statistics for Colorado

In 2018 the state of Colorado issued 25,663 Work Opportunity Tax Credit certifications.

The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and in 2018 it was worth $5.3 Billion dollars to employers. 2,204,142 total Work Opportunity Tax Credits were issued in the United States in 2018. Overall, Colorado issued 1.16% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for Colorado 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 12,384 48.26%
Designated Community Resident 115 0.45%
SSI Recipient 1,200 4.68%
Ex-felon 1,510 5.88%
Long Term Unemployment 1,230 4.79%
Veteran unemployed 4 Weeks 2,107 8.21%
Veteran unemployed 6 Months 2,384 9.29%
IV-A (TANF) 1,838 7.16%
Long term IV-A (TANF) 1,805 7.03%
Veteran Receiving SNAP 472 1.84%
Ticket Holder 151 0.59%
Vocational Rehabilitation 98 0.38%
Disabled Veteran unemp. 6 Mo. 91 0.35%
Disabled Veteran 278 1.08%
Summer Youth 0 0.00%

More about the Work Opportunity Tax Credit’s target groups.

 

Colorado WOTC Tax Credit Certification 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 25,663 7,107 48,831 81,601
2017 27,017 9,155 58,366 94,568
2016 39,945 29,208 57,142 126,295
2015 21,687 52,439 1,691 75,817
2014 12,342 25,613 181,480 56,135

*Pending at time of publishing (July 2019).

 

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