Work Opportunity Tax Credit Statistics Michigan 2023

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:

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).

 

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Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

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