Work Opportunity Tax Credit Statistics for New York

In 2020 the state of New York issued 68,612 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 York issued 4.23% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for New York 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 50,705 73.90%
Long term IV-A (TANF) 6,104 8.90%
Designated Community Resident 2,015 2.94%
Long Term Unemployment 1,977 2.88%
IV-A (TANF) 1,642 2.39%
Ex-felon 1,310 1.91%
Veteran unemp. 4 Wk 1,299 1.89%
SSI Recipient 1,293 1.88%
Veteran unemp. 6 Mo. 1,112 1.62%
Vocational Rehabilitation 651 0.95%
Ticket Holder 299 0.44%
Veteran Receiving SNAP 181 0.26%
Disabled Veteran 16 0.02%
Disabled Veteran unemp. 6 Mo. 6 0.01%
Summer Youth 2 0.00%

In 2020 the state of New York issued 68,612 Work Opportunity Tax Credit certifications, or 4.23% overall.

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

 

New York WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
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 2021).

 

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