In 2021 the state of New Jersey issued 36,898 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 2021 it was worth approximately $5 Billion dollars to employers. 2,081,474 total Work Opportunity Tax Credits were issued in the United States in 2021. WOTC was renewed for five years, and is currently active through 12/31/2025.
Nationwide, New Jersey issued 1.77% of WOTC Tax Credits in 2021.
Work Opportunity Tax Credit Statistics for New Jersey 2021:
In 2021 the state of New Jersey issued 36,898 Work Opportunity Tax Credit certifications, or 1.77% overall.
More about the Work Opportunity Tax Credit’s target groups.
New Jersey WOTC Tax Credit Certification 2014 – 2021:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (January 2022).
About Our WOTC Screening Services
- Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself.
- Get an idea of how much you could be saving by utilizing the Work Opportunity Tax Credit for your company, try our WOTC Calculator.
- Are you a CPA or tax service provider? Find out how you can become a strategic Business Partner.
Contact Us for More Information or To Get Started Today
In our 25 years of performing WOTC Screening and Administration we’ve saved millions for our customers.
Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.