Work Opportunity Tax Credit Statistics for Virginia

In 2018 the state of Virginia issued 52,982 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 Virginia issued 2.40% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for Virginia 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 34,886 65.85%
Designated Community Resident 1,443 2.72%
SSI Recipient 556 1.05%
Ex-felon 384 0.72%
Long Term Unemployment 453 0.86%
Veteran unemployed 4 Weeks 1,106 2.09%
Veteran unemployed 6 Months 2,463 4.65%
IV-A (TANF) 3,300 6.23%
Long term IV-A (TANF) 7,623 14.39%
Veteran Receiving SNAP 245 0.46%
Ticket Holder 143 0.27%
Vocational Rehabilitation 65 0.12%
Disabled Veteran unemp. 6 Mo. 185 0.35%
Disabled Veteran 123 0.23%
Summer Youth 7 0.01%

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

Virginia WOTC Tax Credit Certifications 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 52,982 60,956 37,162 151,100
2017 36,538 29,345 51,818 117,701
2016 62,711 7,302 82,666 152,679
2015 46,306 44,705 55,271 146,282
2014 35,590 50,799 71,271 157,660

*Pending at time of publishing (July 2019).

 

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