Work Opportunity Tax Credit Statistics for Utah

In 2023 the state of Utah issued 9,212 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, Utah issued 0.46% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics by Target Group for Utah 2023:

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

In 2023 the state of Utah issued 9,212 Work Opportunity Tax Credit certifications, or 0.46% overall.

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

 

Utah WOTC Tax Credit Certifications 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 9,212 44,443 24,315 77,970
2022 9,226 40,602 27,182 77,010
2021 11,649 37,125 33,068 81,842
2020 5,645 15,008 24,428 45,081
2019 10,414 6,470 18,728 35,612
2018 8,350 11,341 17,409 37,100
2017 5,452 16,245 10,177 31,874
2016 13,173 18,160 22,141 53,474
2015 11,077 23,085 17,668 51,830
2014 9,156 22,586 14,266 46,008

*Pending at time of publishing (February 2024).

 

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