Work Opportunity Tax Credit Statistics for Arkansas

In 2019 the state of Arkansas issued 19,730 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019. Overall, Arkansas issued 0.95% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Arkansas 2019:

WOTC Target Group Total Certifications Percentage
SNAP (FS) 10,798 54.73%
Long term IV-A (TANF) 137 0.69%
Long Term Unemployment 311 1.58%
Ex-Felon 2,207 11.19%
Designated Community Resident 3,499 17.73%
SSI Recipient 893 4.53%
IV-A (TANF) 125 0.63%
Veteran unemp. 6 Mo. 667 3.38%
Veteran unemp. 4 Wk 674 3.42%
Vocational Rehabilitation 40 0.20%
Veteran Receiving SNAP 62 0.31%
Ticket Holder 30 0.15%
Disabled Veteran unemp. 6 Mo. 234 1.19%
Disabled Veteran 49 0.25%
Summer Youth 4 0.02%

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

 

Arkansas WOTC Tax Credit Certification 2015 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 19,730 1,819 31,092 52,641
2018 37,547 20 57,225 94,792
2017 19,599 34,068 33,662 87,329
2016 19,610 45,878 22,933 88,421
2015 25,913 19,217 31,606 76,736
2014 11,622 30,017 13,876 55,515

*Pending at time of publishing (May 2020).

 

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