Work Opportunity Tax Credit Statistics for New York

In 2019 the state of New York issued 67,011 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 York issued 3.24% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for New York 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 44,614 66.58%
Long term IV-A (TANF) 5,294 7.90%
Long Term Unemployment 3,042 4.54%
Designated Community Resident 2,952 4.41%
Veteran unemp. 4 Wk 2,607 3.89%
IV-A (TANF) 2,413 3.60%
Veteran unemp. 6 Mo. 1,772 2.64%
Ex-felon 1,479 2.21%
SSI Recipient 1,270 1.90%
Vocational Rehabilitation 911 1.36%
Veteran Receiving SNAP 348 0.52%
Ticket Holder 276 0.41%
Summer Youth 17 0.03%
Disabled Veteran 12 0.02%
Disabled Veteran unemp. 6 Mo. 4 0.01%

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

 

New York WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
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 (May 2020).

 

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