Work Opportunity Tax Credit Statistics for New Jersey

In 2020 the state of New Jersey issued 14,883 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, New Jersey issued 0.92% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for New Jersey 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 7,891 53.02%
Long Term Unemployment 3,089 20.76%
Veteran unemp. 6 Mo. 1,100 7.39%
SSI Recipient 814 5.47%
Veteran unemp. 4 Wk 701 4.71%
Ex-felon 612 4.11%
IV-A (TANF) 165 1.11%
Vocational Rehabilitation 153 1.03%
Long term IV-A (TANF) 121 0.81%
Veteran Receiving SNAP 105 0.71%
Designated Community Resident 101 0.68%
Disabled Veteran 21 0.14%
Disabled Veteran unemp. 6 Mo. 10 0.07%
Ticket Holder 0 0.00%
Summer Youth 0 0.00%

In 2020 the state of New Jersey issued 14,883 Work Opportunity Tax Credit certifications, or 0.92% overall.

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

 

New Jersey WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 14,883 103,334 16,513 134,730
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 (February 2021).

 

About Our WOTC Screening Services

Contact Us for More Information or To Get Started Today

In our 23+ 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.

 

    How can we help you?:

    Share Button