Work Opportunity Tax Credit Statistics for Washington

In 2023 the state of Washington issued 31,416 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, Washington State issued 1.58% of WOTC Tax Credits in 2028.

 

Work Opportunity Tax Credit Statistics for Washington 2023:

Work-Opportunity-Tax-Credit-Statistics-for-Washington-State-2023

In 2023 the state of Washington issued 31,416 Work Opportunity Tax Credit certifications, or 1.58% overall.

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

 

Washington WOTC Tax Credit Certifications 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 31,416 11,841 69,501 112,758
2022 40,130 9,372 81,046 130,548
2021 43,419 7,400 63,278 114,097
2020 29,619 4,270 51,435 85,324
2019 41,656 1,348 69,012 112,016
2018 39,027 7,821 52,525 99,373
2017 43,218 5,167 70,117 118,502
2016 57,722 91,211 83,369 232,302
2015 37,985 58,462 48,050 144,497
2014 20,295 64,570 20,973 105,838

*Pending at time of publishing (February 2024).

 

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