Work Opportunity Tax Credit Statistics for Vermont

In 2018 the state of Vermont issued 132 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 Vermont issued 0.01% of WOTC Tax Credits in 2018.

Work Opportunity Tax Credit Statistics for Vermont 2018:

WOTC Target Group Total Certifications Percentage
SNAP (Food Stamps) 56 42.42%
Designated Community Resident 0 0.00%
SSI Recipient 34 25.76%
Ex-felon 0 0.00%
Long Term Unemployment 0 0.00%
Veteran unemployed 4 Weeks 7 5.30%
Veteran unemployed 6 Months 0 0.00%
IV-A (TANF) 13 9.85%
Long term IV-A (TANF) 14 10.61%
Veteran Receiving SNAP 1 0.76%
Ticket Holder 6 4.55%
Vocational Rehabilitation 1 0.76%
Disabled Veteran unemp. 6 Mo. 0 0.00%
Disabled Veteran 0 0.00%
Summer Youth 0 0.00%

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

Vermont WOTC Tax Credit Certifications 2014 – 2018:

WOTC Certifications Current Pending* Denials Total Requests
2018 132 14,909 107 15,148
2017 52 13,945 6 14,003
2016 790 9,323 607 10,720
2015 174 4,704 154 5,032
2014 2,203 1,477 1,771 5,451

*Pending at time of publishing (July 2019).

 

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