Work Opportunity Tax Credit Statistics for Tennessee

In 2018 the state of Tennessee issued 71,763 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 Tennessee issued 3.26% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for Tennessee 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 55,269 77.02%
Designated Community Resident 1,518 2.12%
SSI Recipient 772 1.08%
Ex-felon 3,187 4.44%
Long Term Unemployment 97 0.14%
Veteran unemployed 4 Weeks 1,815 2.53%
Veteran unemployed 6 Months 1,917 2.67%
IV-A (TANF) 4,248 5.92%
Long term IV-A (TANF) 1,819 2.53%
Veteran Receiving SNAP 714 0.99%
Ticket Holder 0 0.00%
Vocational Rehabilitation 140 0.20%
Disabled Veteran unemp. 6 Mo. 149 0.21%
Disabled Veteran 83 0.12%
Summer Youth 35 0.05%

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

Tennessee WOTC Tax Credit Certifications 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 71,763 165,856 85,140 322,759
2017 143,453 143,077 114,187 400,717
2016 61,679 238,818 40,724 341,221
2015 36,829 77,004 47,717 161,550
2014 54,300 60,003 35,510 149,813

*Pending at time of publishing (July 2019).

 

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