Work Opportunity Tax Credit Statistics for Rhode Island

In 2020 the state of Rhode Island issued 10,332 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, Rhode Island issued 0.64% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Rhode Island 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 5,271 51.02%
Long term IV-A (TANF) 2,740 26.52%
Vocational Rehabilitation 1,357 13.13%
Long Term Unemployment 396 3.83%
SSI Recipient 133 1.29%
Ex-felon 87 0.84%
Ticket Holder 85 0.82%
IV-A (TANF) 76 0.74%
Veteran unemp. 6 Mo. 69 0.67%
Veteran unemp. 4 Wk 51 0.49%
Designated Community Resident 43 0.42%
Veteran Receiving SNAP 17 0.16%
Disabled Veteran unemp. 6 Mo. 4 0.04%
Disabled Veteran 3 0.03%
Summer Youth 0 0.00%

In 2020 the state of Rhode Island issued 10,332 Work Opportunity Tax Credit certifications, or 0.64% overall.

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

 

Rhode Island WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 10,332 13,704 7,248 31,284
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 (February 2021).

 

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