Work Opportunity Tax Credit Statistics for Virginia

In 2020 the state of Virginia issued 44,530 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, Virginia issued 2.75% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Virginia 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 29,978 67.32%
Designated Community Resident 7,146 16.05%
Ex-felon 1,742 3.91%
Long term IV-A (TANF) 1,669 3.75%
IV-A (TANF) 1,523 3.42%
Long Term Unemployment 798 1.79%
Veteran unemp. 6 Mo. 590 1.32%
SSI Recipient 474 1.06%
Veteran unemp. 4 Wk 330 0.74%
Ticket Holder 99 0.22%
Veteran Receiving SNAP 79 0.18%
Vocational Rehabilitation 35 0.08%
Summer Youth 35 0.08%
Disabled Veteran unemp. 6 Mo. 25 0.06%
Disabled Veteran 7 0.02%

In 2020 the state of Virginia issued 44,530 Work Opportunity Tax Credit certifications, or 2.75% overall.

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

 

Virginia WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 44,530 86,766 53,208 181,504
2019 37.822 102,494 38,862 179,178
2018 52,982 60,956 37,162 151,100
2017 36,538 29,345 51,818 117,701
2016 62,711 7,302 82,666 152,679
2015 46,306 44,705 55,271 146,282
2014 35,590 50,799 71,271 157,660

*Pending at time of publishing (February 2021).

 

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