Work Opportunity Tax Credit Statistics for Nevada

In 2020 the state of Nevada issued 18,578 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, Nevada issued 1.15% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Nevada 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 12,910 69.49%
SSI Recipient 1,948 10.49%
Long term IV-A (TANF) 1,612 8.68%
Vocational Rehabilitation 609 3.28%
Long Term Unemployment 511 2.75%
IV-A (TANF) 454 2.44%
Veteran unemp. 6 Mo. 272 1.46%
Ticket Holder 86 0.46%
Veteran unemp. 4 Wk 81 0.44%
Veteran Receiving SNAP 40 77.00%
Designated Community Resident 27 0.15%
Disabled Veteran unemp. 6 Mo. 13 0.07%
Ex-felon 12 0.06%
Disabled Veteran 3 0.02%
Summer Youth 0 0.00%

In 2020 the state of Nevada issued 18,578 Work Opportunity Tax Credit certifications, or 1.15% overall.

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

 

Nevada WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 18,578 76,135 49,993 144,706
2019 37,550 97,538 70,591 205,679
2018 29,147 143,505 45,894 218,546
2017 2,866 171,363 3,981 178,210
2016 3,201 138,555 4,699 146,455
2015 3,482 98,790 8,777 111,049
2014 2,397 76,609 3,527 82,533

*Pending at time of publishing (February 2021).

 

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