Work Opportunity Tax Credit Statistics for Colorado

In 2019 the state of Colorado issued 24,464 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019. Overall, Colorado issued 1.18% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Colorado 2019:

WOTC Target Group Total Certifications Percentage
SNAP (FS) 12,483 51.03%
Long term IV-A (TANF) 1,860 7.60%
Long Term Unemployment 1,166 4.77%
Ex-Felon 1,527 6.24%
Designated Community Resident 80 0.33%
SSI Recipient 884 3.61%
IV-A (TANF) 1,737 7.10%
Veteran unemp. 6 Mo. 2,043 8.35%
Veteran unemp. 4 Wk 1,565 6.40%
Vocational Rehabilitation 133 0.54%
Veteran Receiving SNAP 590 2.41%
Ticket Holder 68 0.28%
Disabled Veteran unemp. 6 Mo. 86 0.35%
Disabled Veteran 242 0.99%
Summer Youth 0 0.00%

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

 

Colorado WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 24,464 5,638 52,995 83,097
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 (May 2020).

 

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