Work Opportunity Tax Credit Statistics Illinois 2023

In 2023 the state of Illinois issued 109,432 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 $5 Billion dollars to employers. 1,988,528 total Work Opportunity Tax Credits were issued in the United States in 2023.  WOTC is currently active through 12/31/2025.

Nationwide, Illinois issued 5.52% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Illinois 2023:

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

In 2023 the state of Illinois issued 109,432 Work Opportunity Tax Credit certifications, or 5.52% overall.

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

 

Illinois WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 109,432 10,399 152,041 271,872
2022 136,729 11,824 203,536 352,089
2021 90,109 17,843 150,587 258,539
2020 81,738 37,877 124,026 243,641
2019 144,590 859 395,009 540,458
2018 109,054 14,865 208,919 332,838
2017 107,880 8,230 157,808 273,918
2016 165,538 9,007 164,252 338,797
2015 109,361 108,639 113,099 331,099
2014 107,135 4,501 107,319 218,955

*Pending at time of publishing (January 2024).

 

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