Work Opportunity Tax Credit Statistics for North Carolina

In 2022 the state of North Carolina issued 100,052 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 2022 it was worth approximately $5 Billion dollars to employers. 2,569,056 total Work Opportunity Tax Credits were issued in the United States in 2022. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, North Carolina issued 3.89% of WOTC Tax Credits in 2022.

 

Work Opportunity Tax Credit Statistics for North Carolina 2022:

Work Opportunity Tax Credit Statistics for North Carolina 2022

In 2022 the state of North Carolina issued 100,052 Work Opportunity Tax Credit certifications, or 3.89% overall.

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

 

North Carolina WOTC Tax Credit Certification 2014 – 2022:

WOTC Certifications Current Pending* Denials Total Requests
2022 100,052 31,898 157,937 289,887
2021 71,716 56,015 175,032 302,763
2020 61,880 66,968 91,470 220,318
2019 80,055 56,037 104,751 240,843
2018 67,730 51,212 77,340 196,282
2017 74,825 36,104 83,658 194,587
2016 100,608 38,920 132,765 272,293
2015 101,849 94,488 98,684 295,021
2014 23,436 151,581 18,994 194,011

*Pending at time of publishing (February 2023).

 

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