Work Opportunity Tax Credit Statistics for Texas

In 2023 the state of Texas issued 139,466 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 2023 it was worth approximately $4.7 Billion dollars to employers. 1,982,858 total Work Opportunity Tax Credits were issued in the United States in 2023. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, Texas issued 7.03% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Texas 2023:

Work-Opportunity-Tax-Credit-Statistics-for-Texas-2023

In 2023 the state of Texas issued 139,466 Work Opportunity Tax Credit certifications, or 7.03% overall.

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

 

Texas WOTC Tax Credit Certifications 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 139,466 91,195 510,420 741,081
2022 192,950 108,006 564,171 865,127
2021 209,363 111,777 682,396 1,003,536
2020 135,602 310,373 280,511 726,486
2019 166,768 207,463 247,034 621,265
2018 207,513 20,186 345,390 573,089
2017 141,549 69,977 339,422 550,948
2016 207,470 106,852 429,112 743,434
2015 156,282 272,075 258,436 686,793
2014 61,865 264,489 89,874 416,228

*Pending at time of publishing (February 2024).

 

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