Work Opportunity Tax Credit Statistics for Tennessee

In 2019 the state of Tennessee issued 72,107 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 Tennessee issued 3.49% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Tennessee 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 54,047 74.95%
IV-A (TANF) 5,368 7.44%
Long term IV-A (TANF) 3,429 4.76%
Ex-felon 2,375 3.29%
Long Term Unemployment 1,883 2.61%
Veteran unemp. 4 Wk 1,391 1.93%
SSI Recipient 1,385 1.92%
Veteran unemp. 6 Mo. 1,345 1.87%
Veteran Receiving SNAP 349 0.48%
Vocational Rehabilitation 260 0.36%
Designated Community Resident 214 0.30%
Disabled Veteran unemp. 6 Mo. 33 0.05%
Disabled Veteran 25 0.03%
Summer Youth 3 0.00%
Ticket Holder 0 0.00%

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

 

Tennessee WOTC Tax Credit Certifications 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
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 (May 2020).

 

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Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

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