Work Opportunity Tax Credit Statistics for Maryland

In 2020 the state of Maryland issued 31,863 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.

Nationwide, Maryland issued 1.97% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Maryland 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 22,858 71.74%
Long Term Unemployment 2,441 7.66%
SSI Recipient 2,370 7.44%
Veteran unemp. 6 Mo. 1,491 4.68%
Veteran unemp. 4 Wk 1,154 3.62%
IV-A (TANF) 852 2.67%
Long term IV-A (TANF) 184 0.58%
Veteran Receiving SNAP 172 0.54%
Designated Community Resident 124 0.39%
Ticket Holder 65 0.20%
Disabled Veteran 39 0.12%
Ex-felon 38 0.12%
Disabled Veteran unemp. 6 Mo. 30 0.09%
Vocational Rehabilitation 30 0.09%
Summer Youth 15 0.05%

In 2020 the state of Maryland issued 31,863 Work Opportunity Tax Credit certifications, or 1.97% overall.

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

 

Maryland WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 31,863 120,559 63,039 215,461
2019 45,778 66,784 62,239 174,801
2018 26,779 55,689 33,979 116,447
2017 31,719 55,475 38,215 125,409
2016 27,847 66,759 45,135 139,741
2015 17,564 81,128 78,632 177,324
2014 11,710 74,121 9,501 95,332

*Pending at time of publishing (February 2021).

 

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