Work Opportunity Tax Credit Statistics for Colorado

In 2021 the state of Colorado issued 33,866 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 2021 it was worth approximately $5 Billion dollars to employers. 2,081,474 total Work Opportunity Tax Credits were issued in the United States in 2021. WOTC was renewed for five years, and is currently active through 12/31/2025.

Overall, Colorado issued 1.63% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Colorado 2021:

Work Opportunity Tax Credit Statistics - WOTC - Colorado 2021

In 2021 the state of Colorado issued 33,866 Work Opportunity Tax Credit certifications, or 1.63% overall.

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

 

Colorado WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 33,866 2,346 63,604 99,816
2020 22,066 4,799 50,665 77,530
2019 24,464 5,638 52,995 83,097
2018 25,663 7,107 48,831 81,601
2017 27,017 9,155 58,366 94,568
2016 39,945 29,208 57,142 126,295
2015 21,687 52,439 1,691 75,817
2014 12,342 25,613 181,480 56,135

In our 25 years of performing WOTC Screening and Administration we’ve saved millions for our customers.

*Pending at time of publishing (January 2022).

 

About Our WOTC Screening Services

Contact Us for More Information or To Get Started Today

In our 25 years of performing WOTC Screening and Administration we’ve saved millions for our customers.

Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

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