Work Opportunity Tax Credit Statistics for Florida

In 2023 the state of Florida issued 102,059 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 2023 it was worth approximately $4.7 Billion dollars to employers. 1,982,858 total Work Opportunity Tax Credits were issued in the United States in 2023. WOTC was renewed for five years, and is currently active through 12/31/2025.

Overall, Florida issued 5.15% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Florida 2023:

Work-Opportunity-Tax-Credit-Statistics-for-Florida-2023

In 2023 the state of Florida issued 102,059 Work Opportunity Tax Credit certifications, or 5.15% overall.

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

 

Florida WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 102,059 2,848 260,298 365,205
2022 183,992 18,184 264,949 467,125
2021 76,234 41,646 316,927 434,807
2020 79,311 4,394 200,976 284,681
2019 97,430 8,247 190,090 295,767
2018 111,268 1,057 183,117 295,442
2017 116,558 1,061 201,700 319,319
2016 204,019 53,742 199,867 457,628
2015 122,988 141,898 149,912 414,798
2014 42,115 150,690 45,666 235,471

*Pending at time of publishing (February 2024).

 

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