Work Opportunity Tax Credit Statistics for Minnesota

In 2019 the state of Minnesota issued 24,919 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019.

Nationwide Minnesota issued 1.20% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Minnesota 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 7,414 29.75%
Designated Community Resident 3,979 15.97%
Long term IV-A (TANF) 3,437 13.79%
SSI Recipient 3,214 12.90%
IV-A (TANF) 2,710 10.88%
Ex-felon 1,255 5.04%
Veteran unemp. 4 Wk 938 3.76%
Veteran unemp. 6 Mo. 627 2.52%
Vocational Rehabilitation 494 1.98%
Ticket Holder 382 1.53%
Long Term Unemployment 230 0.92%
Veteran Receiving SNAP 190 0.76%
Disabled Veteran unemp. 6 Mo. 24 0.10%
Summer Youth 15 0.06%
Disabled Veteran 10 0.04%

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

Minnesota WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 24,919 76,473 44,081 145,473
2018 22,779 71,751 50,633 145,163
2017 21,879 74,558 36,053 132,490
2016 27,828 57,998 47,516 133,342
2015 20,916 56,471 26,861 104,248
2014 12,561 43,192 26,001 81,754

*Pending at time of publishing (May 2020).

 

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