Work Opportunity Tax Credit Statistics for Alaska

In 2020 the state of Alaska issued 1,125 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 2020 it was worth approximately $3.8 Billion dollars to employers. 1,620,806 total Work Opportunity Tax Credits were issued in the United States in 2020. WOTC was renewed for five years in 2020, and is active through 12/31/2025.

Overall, Alaska issued 0.07% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Alaska 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 260 23.11%
Veteran unemp. 4 Wk 326 28.98%
Veteran unemp. 6 Mo. 175 15.56%
Long Term Unemployment 130 11.56%
Long term IV-A (TANF) 63 5.60%
Veteran Receiving SNAP 58 5.16%
SSI Recipient 49 4.36%
IV-A (TANF) 26 2.31%
Ex-felon 10 0.89%
Designated Community Resident 9 0.80%
Disabled Veteran 8 0.71%
Disabled Veteran unemp. 6 Mo. 7 0.62%
Ticket Holder 4 0.36%
Vocational Rehabilitation 0 0.00%
Summer Youth 0 0.00%

In 2020 Alaska issued 1,125 tax credit certifications. Overall, Alaska issued 0.07% of WOTC Tax Credits in 2020.

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

 

Alaska WOTC Tax Credit Certification 2015 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 1,125 35,989 1,797 38,911
2019 688 33,736 778 35,202
2018 760 27,607 731 29,098
2017 605 21,506 888 22,999
2016 805 15,826 1,536 18,167
2015 1,162 10,789 2,315 14,266
2014 1187 6170 1991 9348

*Pending at time of publishing (February 2021).

 

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