Work Opportunity Tax Credit Statistics for Nevada

In 2023 the state of Nevada issued 18,038 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.

Nationwide, Nevada issued 0.62% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Nevada 2023:

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

In 2023 the state of Nevada issued 18,038 Work Opportunity Tax Credit certifications, or 0.62% overall.

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

 

Nevada WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 18,038 63,676 60,684 136,728
2022 27,479 79,855 93,160 200,494
2021 16,404 104,824 37,823 159,051
2020 18,578 76,135 49,993 144,706
2019 37,550 97,538 70,591 205,679
2018 29,147 143,505 45,894 218,546
2017 2,866 171,363 3,981 178,210
2016 3,201 138,555 4,699 146,455
2015 3,482 98,790 8,777 111,049
2014 2,397 76,609 3,527 82,533

*Pending at time of publishing (February 2024). Note reported numbers do not add up correctly, likely due to continued reporting changes.

 

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