Work Opportunity Tax Credit Statistics for New York

In 2023 the state of New York issued 101,295 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 2023 it was worth approximately $4.7 Billion dollars to employers. 1,982,858 total Work Opportunity Tax Credits were issued in the United States in 2023. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, New York issued 5.11% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for New York 2023:

WOTC Statistics New York State 2023

In 2023 the state of New York issued 101,295 Work Opportunity Tax Credit certifications, or 5.11% overall.

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

 

New York WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 101,295 38,550 165,739 305,584
2022 179,446 47,369 201,687 428,502
2021 101,053 121,672 174,606 397,331
2020 68,612 85,671 149,294 303,577
2019 67,011 144,732 108,327 320,070
2018 62,325 100,857 82,258 245,440
2017 81,152 71,240 108,315 260,707
2016 74,513 88,646 67,663 230,822
2015 71,573 65,047 76,936 213,556
2014 66,254 69,359 78,234 213,847

*Pending at time of publishing (February 2024).

 

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