In 2023 the state of Michigan issued 83,775 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, Michigan issued 4.22% of WOTC Tax Credits in 2023.
Work Opportunity Tax Credit Statistics for Michigan 2023:
In 2023 the state of Michigan issued 83,775 Work Opportunity Tax Credit certifications, or 4.22% overall.
More about the Work Opportunity Tax Credit’s target groups.
Michigan WOTC Tax Credit Certification 2014 – 2023:
WOTC Certifications | Current Pending* | Denials | Total Requests | |
2023 | 83,775 | 950 | 111,284 | 196,009 |
2022 | 112,893 | 6,208 | 133,379 | 252,840 |
2021 | 78,143 | 34,784 | 154,768 | 267,695 |
2020 | 60,276 | 62,644 | 40,516 | 163,436 |
2019 | 113,807 | 18,346 | 89,817 | 221,970 |
2018 | 85,062 | 49,044 | 62,540 | 196,646 |
2017 | 67,111 | 41,428 | 57,904 | 166,443 |
2016 | 148,425 | 34,938 | 110,941 | 294,304 |
2015 | 104,825 | 123,012 | 53,107 | 280,944 |
2014 | 48,367 | 119,189 | 31,290 | 198,846 |
*Pending at time of publishing (January 2024).
About Our WOTC Screening Services
- Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself.
- Get an idea of how much you could be saving by utilizing the Work Opportunity Tax Credit for your company, try our WOTC Calculator.
- Are you a CPA or tax service provider? Find out how you can become a strategic Business Partner.
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