Work Opportunity Tax Credit Statistics for South Carolina

In 2021 the state of South Carolina issued 39,501 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 2021 it was worth approximately $5 Billion dollars to employers. 2,081,474 total Work Opportunity Tax Credits were issued in the United States in 2021. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, South Carolina issued 1.90% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics by Target Group for South Carolina 2021:

Work-Opportunity-Tax-Credit-Statistics-South-Carolina-2021

In 2021 the state of South Carolina issued 39,501 Work Opportunity Tax Credit certifications, or 1.90% overall.

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

 

South Carolina WOTC Tax Credit Certifications 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 39,501 19,268 65,388 124,157
2020 31,248 5,720 51,374 88,342
2019 39,556 5,456 55,544 100,556
2018 41,449 8,220 51,947 101,616
2017 41,817 9,214 48,526 99,557
2016 75,438 12,931 68,660 157,029
2015 45,011 50,684 35,429 131,124
2014 15,817 49,766 14,692 80,275

*Pending at time of publishing (January 2022).

 

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