Work Opportunity Tax Credit Statistics for New Mexico

In 2019 the state of New Mexico issued 15,032 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 Mexico issued 0.73% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for New Mexico 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 12,401 82.50%
IV-A (TANF) 761 5.06%
Long term IV-A (TANF) 373 2.48%
Veteran unemp. 4 Wk 345 2.30%
Veteran unemp. 6 Mo. 311 2.07%
Veteran Receiving SNAP 190 1.26%
SSI Recipient 185 1.23%
Ex-felon 116 0.77%
Designated Community Resident 115 0.77%
Long Term Unemployment 101 0.67%
Vocational Rehabilitation 93 0.62%
Disabled Veteran unemp. 6 Mo. 18 0.12%
Ticket Holder 15 0.10%
Disabled Veteran 8 0.05%
Summer Youth 0 0.00%

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

 

New Mexico WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 15,032 0 16,356 31,388
2018 24,447 0 17,953 42,400
2017 15,912 10,871 31,396 58,179
2016 19,932 33,421 24,244 77,597
2015 8,245 47,314 3,334 58,893
2014 5,117 25,835 6,002 36,954

*Pending at time of publishing (May 2020).

 

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