Work Opportunity Tax Credit Statistics for Mississippi

In 2020 the state of Mississippi issued 31,483 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, Mississippi issued 1.94% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Mississippi 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 18,905 60.05%
Designated Community Resident 6,587 20.92%
Long Term Unemployment 1,527 4.85%
Ex-felon 1,368 4.35%
SSI Recipient 944 3.00%
Veteran unemp. 6 Mo. 688 2.19%
Veteran unemp. 4 Wk 680 2.16%
Veteran Receiving SNAP 324 77.00%
Vocational Rehabilitation 134 0.43%
Long term IV-A (TANF) 120 0.38%
Disabled Veteran 77 0.24%
IV-A (TANF) 63 0.20%
Disabled Veteran unemp. 6 Mo. 36 0.11%
Ticket Holder 30 0.10%
Summer Youth 0 0.00%

In 2020 the state of Mississippi issued 31,483 Work Opportunity Tax Credit certifications, or 1.94% overall.

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

 

Mississippi WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 31,483 368 30,818 62,669
2019 38,714 3,348 34,724 76,786
2018 39,976 17,463 16,120 73,559
2017 26,068 26,315 21,136 73,519
2016 42,464 19,450 31,546 93,460
2015 21,058 34,803 24,117 79,978
2014 15,493 30,378 4,108 49,979

*Pending at time of publishing (February 2021).

 

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