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).
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.
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In over 20 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.
