In 2023 the state of North Carolina issued 66,257 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, North Carolina issued 3.34% of WOTC Tax Credits in 2023.
Work Opportunity Tax Credit Statistics for North Carolina 2023:
In 2023 the state of North Carolina issued 66,257 Work Opportunity Tax Credit certifications, or 3.34% overall.
More about the Work Opportunity Tax Credit’s target groups.
North Carolina WOTC Tax Credit Certification 2014 – 2023:
| WOTC Certifications | Current Pending* | Denials | Total Requests | |
| 2023 | 66,257 | 849 | 105,124 | 172,230 |
| 2022 | 100,052 | 31,898 | 157,937 | 289,887 |
| 2021 | 71,716 | 56,015 | 175,032 | 302,763 |
| 2020 | 61,880 | 66,968 | 91,470 | 220,318 |
| 2019 | 80,055 | 56,037 | 104,751 | 240,843 |
| 2018 | 67,730 | 51,212 | 77,340 | 196,282 |
| 2017 | 74,825 | 36,104 | 83,658 | 194,587 |
| 2016 | 100,608 | 38,920 | 132,765 | 272,293 |
| 2015 | 101,849 | 94,488 | 98,684 | 295,021 |
| 2014 | 23,436 | 151,581 | 18,994 | 194,011 |
*Pending at time of publishing (February 2024).
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