Work Opportunity Tax Credit Statistics for Alaska

work-opportunity-tax-credit-statistics-for-alaska-2018

In 2018 the state of Alaska issued 760 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 2018 it was worth $5.3 Billion dollars to employers. 2,204,142 total Work Opportunity Tax Credits were issued in the United States in 2018. Overall, Alaska issued 0.03% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for Alaska 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 296 38.95%
Designated Community Resident 0 0.00%
SSI Recipient 1 0.13%
Ex-felon 33 4.34%
Long Term Unemployment 0 0.00%
Veteran unemployed 4 Weeks 47 6.18%
Veteran unemployed 6 Months 122 16.05%
IV-A (TANF) 21 2.76%
Long term IV-A (TANF) 89 11.71%
Veteran Receiving SNAP 11 1.45%
Ticket Holder 1 0.13%
Vocational Rehabilitation 0 0.00%
Disabled Veteran unemployed 6 Months 10 1.32%
Disabled Veteran 3 0.39%
Summer Youth 0 0.00%
(listed as 1st quarter) 126  –

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

 

Alaska WOTC Tax Credit Certification 2015 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 760 27,607 731 29,098
2017 605 21,506 888 22,999
2016 805 15,826 1,536 18,167
2015 1,162 10,789 2,315 14,266
2014 1187 6170 1991 9348

*Pending at time of publishing (July 2019).

 

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