Work Opportunity Tax Credit Statistics for Minnesota

In 2023 the state of Minnesota issued 28,002 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, Minnesota issued 1.41% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Minnesota 2023:

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

In 2023 the state of Minnesota issued 28,002 Work Opportunity Tax Credit certifications, or 1.41% overall.

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

 

Minnesota WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 28,002 7,683 55,356 91,041
2022 28,901 31,840 54,682 115,423
2021 32,259 31,523 55,470 119,252
2020 17,744 40,410 41,771 99,925
2019 24,919 76,473 44,081 145,473
2018 22,779 71,751 50,633 145,163
2017 21,879 74,558 36,053 132,490
2016 27,828 57,998 47,516 133,342
2015 20,916 56,471 26,861 104,248
2014 12,561 43,192 26,001 81,754

*Pending at time of publishing (February 2024).

 

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