Work Opportunity Tax Credit Statistics for Puerto Rico

In 2020 Puerto Rico issued 1,372 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, Puerto Rico issued 0.08% of WOTC Tax Credits in 2020.

Work Opportunity Tax Credit Statistics for Puerto Rico 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 940 68.51%
Long Term Unemployment 310 22.59%
Vocational Rehabilitation 94 6.85%
Veteran unemp. 6 Mo. 12 0.87%
Veteran unemp. 4 Wk 8 0.58%
IV-A (TANF) 6 0.44%
Disabled Veteran unemp. 6 Mo. 1 0.07%
Long term IV-A (TANF) 1 0.07%
Veteran Receiving SNAP 0 0.00%
Disabled Veteran 0 0.00%
Ex-felon 0 0.00%
Designated Community Resident 0 0.00%
SSI Recipient 0 0.00%
Ticket Holder 0 0.00%
Summer Youth 0 0.00%

In 2020 the state of Puerto Rico issued 1,372 Work Opportunity Tax Credit certifications, or 0.08% overall.

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

 

Puerto Rico WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 1,372 2,241 1,871 5,484
2019 1,350 2,270 1,853 5,473
2018 1,503 6,671 2,787 10,961
2017 1,363 7,132 2,001 10,496
2016 1,378 7,280 1,233 9,891
2015 1,594 5,890 2,045 9,529
2014 965 6,009 1,859 8,833

*Pending at time of publishing (February 2021).

 

About Our WOTC Screening Services

Contact Us for More Information or To Get Started Today

In our 23+ 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.

 

    How can we help you?:

    Share Button