Work Opportunity Tax Credit Statistics for Florida

In 2020 the state of Florida issued 79,311 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 2020 it was worth approximately $3.8 Billion dollars to employers. 1,620,806 total Work Opportunity Tax Credits were issued in the United States in 2020. WOTC was renewed for five years in 2020, and is active through 12/31/2025.

Overall, Florida issued 4.89% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Florida 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 57,357 72.32%
Veteran unemp. 4 Wk 4,235 5.34%
SSI Recipient 4,110 5.18%
Veteran unemp. 6 Mo. 3,533 4.45%
Ex-felon 3,082 3.89%
Long term IV-A (TANF) 2,360 2.98%
Vocational Rehabilitation 1,552 1.96%
Long Term Unemployment 1,537 1.94%
Veteran Receiving SNAP 678 0.85%
IV-A (TANF) 373 0.47%
Ticket Holder 176 0.22%
Designated Community Resident 136 0.17%
Disabled Veteran unemp. 6 Mo. 111 0.14%
Disabled Veteran 71 0.09%
Summer Youth 0 0.00%

In 2020 the state of Florida issued 79,311 Work Opportunity Tax Credit certifications, or 4.89% overall. Florida issued the most tax credits for the Veteran Receiving SNAP category, and was fifth overall for number of credits issued.

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

 

Florida WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 79,311 4,394 200,976 284,681
2019 97,430 8,247 190,090 295,767
2018 111,268 1,057 183,117 295,442
2017 116,558 1,061 201,700 319,319
2016 204,019 53,742 199,867 457,628
2015 122,988 141,898 149,912 414,798
2014 42,115 150,690 45,666 235,471

*Pending at time of publishing (February 2021).

 

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