Work Opportunity Tax Credit Statistics for New Jersey

In 2019 the state of New Jersey issued 31,783 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 New Jersey issued 1.54% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for New Jersey 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 14,259 44.86%
Long Term Unemployment 10,028 31.55%
Veteran unemp. 6 Mo. 1,838 5.78%
SSI Recipient 1,831 5.76%
Ex-felon 1,143 3.60%
Veteran unemp. 4 Wk 1,140 3.59%
Vocational Rehabilitation 521 1.64%
IV-A (TANF) 474 1.49%
Long term IV-A (TANF) 395 1.24%
Designated Community Resident 76 0.24%
Veteran Receiving SNAP 43 0.14%
Disabled Veteran unemp. 6 Mo. 28 0.09%
Disabled Veteran 5 0.02%
Summer Youth 2 0.01%
Ticket Holder 0 0.00%

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

New Jersey WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 31,783 11,811 33,373 76,967
2018 45,279 3,567 49,524 98,370
2017 42,949 28,588 45,248 116,785
2016 35,296 47,427 34,717 117,440
2015 34,016 42,350 19,654 96,020
2014 30,087 43,847 19,138 93,072

*Pending at time of publishing (May 2020).

 

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