Work Opportunity Tax Credit Statistics for Rhode Island

In 2019 the state of Rhode Island issued 4,626 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 Rhode Island issued 0.22% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Rhode Island 2019:

WOTC Target Group Total Credits Percentage
Long term IV-A (TANF) 2,229 48.18%
SNAP (FS) 1,560 33.72%
Long Term Unemployment 223 4.82%
Vocational Rehabilitation 196 4.24%
SSI Recipient 170 3.67%
Veteran unemp. 6 Mo. 90 1.95%
Ex-felon 61 1.32%
Veteran unemp. 4 Wk 35 0.76%
IV-A (TANF) 26 0.56%
Veteran Receiving SNAP 17 0.37%
Designated Community Resident 9 0.19%
Ticket Holder 8 0.17%
Disabled Veteran unemp. 6 Mo. 1 0.02%
Summer Youth 1 0.02%
Disabled Veteran 0 0.00%

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

 

Rhode Island WOTC Tax Credit Certifications 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 4,626 12,793 5,816 23,235
2018 4,830 0 2,920 7,750
2017 3,710 11,797 3,948 19,455
2016 4,748 12,817 1,997 19,562
2015 5,855 11,666 3,235 20,756
2014 6,797 12,818 1,958 21,573

*Pending at time of publishing (May 2020).

 

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