Work Opportunity Tax Credit Statistics for New Jersey

In 2018 the state of New Jersey issued 45,279 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.

Nationwide New Jersey issued 2.05% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for New Jersey 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 25,946 57.30%
Designated Community Resident 585 1.29%
SSI Recipient 2,390 5.28%
Ex-felon 1,938 4.28%
Long Term Unemployment 7,357 16.25%
Veteran unemployed 4 Weeks 1,621 3.58%
Veteran unemployed 6 Months 2,148 4.74%
IV-A (TANF) 1,062 2.35%
Long term IV-A (TANF) 954 2.11%
Veteran Receiving SNAP 418 0.92%
Ticket Holder 0 0.00%
Vocational Rehabilitation 786 1.74%
Disabled Veteran unemp. 6 Mo. 60 0.13%
Disabled Veteran 14 0.03%
Summer Youth 0 0.00%

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

New Jersey WOTC Tax Credit Certification 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 45,279 3,567 49,524 98,370
2017 42,949 28,588 45,248 116,785
2016 35,296 47,427 34,717 117,440
2015 34,016 42,350 19,654 96,020
2014 30,087 43,847 19,138 93,072

*Pending at time of publishing (July 2019).

 

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