Work Opportunity Tax Credit Statistics for Iowa

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%
SSI Recipient 953 1.75%
Ex-felon 3,166 5.82%
Long Term Unemployment 852 1.57%
Veteran unemployed 4 Weeks 1,218 2.24%
Veteran unemployed 6 Months 1,064 1.96%
IV-A (TANF) 1,274 2.34%
Long term IV-A (TANF) 5,897 10.84%
Veteran Receiving SNAP 682 1.25%
Ticket Holder 315 0.58%
Vocational Rehabilitation 481 0.88%
Disabled Veteran unemp. 6 Mo. 77 0.14%
Disabled Veteran 28 0.05%
Summer Youth 0 0.00%

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

 

Iowa WOTC Tax Credit Certification 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 54,376 12,768 119,914 295,058
2017 41,542 161,800 16,973 220,315
2016 27,580 157,576 14,212 199,368
2015 34,020 97,565 16,945 148,530
2014 45,014 81,692 25,325 152,031

 

*Pending at time of publishing (July 2019).

 

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