Work Opportunity Tax Credit Statistics for New Mexico

In 2018 the state of New Mexico issued 24,447 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 Mexico issued 1.11% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for New Mexico 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 21,462 87.79%
Designated Community Resident 244 1.00%
SSI Recipient 142 0.58%
Ex-felon 300 1.23%
Long Term Unemployment 207 0.85%
Veteran unemployed 4 Weeks 359 1.47%
Veteran unemployed 6 Months 372 1.52%
IV-A (TANF) 665 2.72%
Long term IV-A (TANF) 423 1.73%
Veteran Receiving SNAP 215 0.88%
Ticket Holder 5 0.02%
Vocational Rehabilitation 37 0.15%
Disabled Veteran unemp. 6 Mo. 10 0.04%
Disabled Veteran 6 0.02%
Summer Youth 0 0.00%

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

New Mexico WOTC Tax Credit Certification 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 24,447 0 17,953 42,400
2017 15,912 10,871 31,396 58,179
2016 19,932 33,421 24,244 77,597
2015 8,245 47,314 3,334 58,893
2014 5,117 25,835 6,002 36,954

*Pending at time of publishing (July 2019).

 

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