CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: What is the most popular WOTC Category or Target Group?
CMS Responds: It’s actually a pretty easy question. SNAP (Supplemental Nutrition Assistance Program/Food Stamps) represents 65% of all the tax credits we get because of people that are on SNAP or Food Stamps. That’s followed by TANF, which is Temporary Assistance to Needy Families, and then hiring the Veterans back into the workforce. SNAP is number one.
Work Opportunity Tax Credit Statistics By Target Group 2022
SNAP is consistently the most popular target group for WOTC. Last year’s nationwide statistics saw 60.86% of all new hires fell into that category.
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