In 2018 the state of South Dakota issued 4,596 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 South Dakota issued 0.21% of WOTC Tax Credits in 2018.
Work Opportunity Tax Credit Statistics for South Dakota 2018:
|WOTC Target Group||Total Certifications||Percentage|
|SNAP (Food Stamps)||1,597||34.75%|
|Designated Community Resident||425||9.25%|
|Long Term Unemployment||32||0.70%|
|Veteran unemployed 4 Weeks||225||4.90%|
|Veteran unemployed 6 Months||78||1.70%|
|Long term IV-A (TANF)||47||1.02%|
|Veteran Receiving SNAP||34||0.74%|
|Disabled Veteran unemp. 6 Mo.||21||0.46%|
|Reported 1st Quarter||1,395|
More about the Work Opportunity Tax Credit’s target groups.
South Dakota WOTC Tax Credit Certifications 2014 – 2018:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (July 2019).
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