In 2018 the state of Iowa issued 54,376 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.
Nationwide Iowa issued 2.47% of WOTC Tax Credits in 2018.
Work Opportunity Tax Credit Statistics for Iowa 2018:
|WOTC Target Group||Total Certifications||Percentage|
|SNAP (Food Stamps)||33,158||60.98%|
|Designated Community Resident||5,211||9.58%|
|Long Term Unemployment||852||1.57%|
|Veteran unemployed 4 Weeks||1,218||2.24%|
|Veteran unemployed 6 Months||1,064||1.96%|
|Long term IV-A (TANF)||5,897||10.84%|
|Veteran Receiving SNAP||682||1.25%|
|Disabled Veteran unemp. 6 Mo.||77||0.14%|
More about the Work Opportunity Tax Credit’s target groups.
Iowa WOTC Tax Credit Certification 2014 – 2018:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (July 2019).
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.
Contact Us for More Information or To Get Started Today
In our 21+ years of performing WOTC Screening and Administration we’ve saved millions for our customers.
Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.