Work Opportunity Tax Credit Statistics for New York

In 2018 the state of New York issued 62,325 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 York issued 2.83% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for New York 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 38,424 61.65%
Designated Community Resident 5,401 8.67%
SSI Recipient 1,211 1.94%
Ex-felon 1,573 2.52%
Long Term Unemployment 4,615 7.40%
Veteran unemployed 4 Weeks 1,814 2.91%
Veteran unemployed 6 Months 1,030 1.65%
IV-A (TANF) 2,195 3.52%
Long term IV-A (TANF) 4,809 7.72%
Veteran Receiving SNAP 254 0.41%
Ticket Holder 295 0.47%
Vocational Rehabilitation 633 1.02%
Disabled Veteran unemp. 6 Mo. 12 0.02%
Disabled Veteran 26 0.04%
Summer Youth 33 0.05%

 

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

New York WOTC Tax Credit Certification 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 62,325 100,857 82,258 245,440
2017 81,152 71,240 108,315 260,707
2016 74,513 88,646 67,663 230,822
2015 71,573 65,047 76,936 213,556
2014 66,254 69,359 78,234 213,847

*Pending at time of publishing (July 2019).

 

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