Work Opportunity Tax Credit Statistics for Alaska

In 2019 the state of Alaska issued 688 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019. Overall, Alaska issued 0.03% of WOTC Tax Credits in 2019.

Overall, Alaska issued 0.03% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Alaska 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 265 38.52%
Veteran unemp. 6 Mo. 128 18.60%
Long term IV-A (TANF) 120 17.44%
Ex-Felon 46 6.69%
Veteran unemp. 4 Wk 38 5.52%
IV-A (TANF) 32 4.65%
Disabled Veteran unemp. 6 Mo. 24 3.49%
Designated Community Resident 16 2.33%
Veteran Receiving SNAP 9 1.31%
Disabled Veteran 7 1.02%
Long Term Unemployment 3 0.44%
Vocational Rehabilitation 0 0.00%
Ticket Holder 0 0.00%
SSI Recipient 0 0.00%
Summer Youth 0 0.00%

In 2019 Alaska issued 688 tax credit certifications. Overall, Alaska issued 0.03% of WOTC Tax Credits in 2019.

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

 

Alaska WOTC Tax Credit Certification 2015 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
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 (May 2020).

 

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