Work Opportunity Tax Credit Statistics for Tennessee

In 2020 the state of Tennessee issued 57,036 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, Tennessee issued 3.52% of WOTC Tax Credits in 2020.

 

 

Work Opportunity Tax Credit Statistics for Tennessee 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 41,095 72.05%
IV-A (TANF) 4,135 7.25%
SSI Recipient 3,024 5.30%
Ex-felon 2,287 4.01%
Long term IV-A (TANF) 2,234 3.92%
Veteran unemp. 6 Mo. 987 1.73%
Veteran unemp. 4 Wk 966 1.69%
Designated Community Resident 883 1.55%
Long Term Unemployment 732 1.28%
Veteran Receiving SNAP 522 0.92%
Vocational Rehabilitation 82 0.14%
Disabled Veteran unemp. 6 Mo. 53 0.09%
Disabled Veteran 18 0.03%
Summer Youth 18 0.03%
Ticket Holder 0 0.00%

In 2020 the state of Tennessee issued 57,036 Work Opportunity Tax Credit certifications, or 3.52% overall.

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

 

Tennessee WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 57,036 70,825 95,854 223,715
2019 72,107 86,520 92,180 250,807
2018 71,763 165,856 85,140 322,759
2017 143,453 143,077 114,187 400,717
2016 61,679 238,818 40,724 341,221
2015 36,829 77,004 47,717 161,550
2014 54,300 60,003 35,510 149,813

*Pending at time of publishing (February 2021).

 

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