Work Opportunity Tax Credit Statistics for Arkansas

In 2021 the state of Arkansas issued 18,214 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 2021 it was worth approximately $5 Billion dollars to employers. 2,081,474 total Work Opportunity Tax Credits were issued in the United States in 2021. WOTC was renewed for five years, and is currently active through 12/31/2025.

Overall, Arkansas issued 0.88% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Arkansas 2021:

Work Opportunity Tax Credit Statistics Arkansas - 2021

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

 

Arkansas WOTC Tax Credit Certification 2015 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 18,214 10,500 41,637 70,351
2020 16,848 645 33,902 51,195
2019 19,730 1,819 31,092 52,641
2018 37,547 20 57,225 94,792
2017 19,599 34,068 33,662 87,329
2016 19,610 45,878 22,933 88,421
2015 25,913 19,217 31,606 76,736
2014 11,622 30,017 13,876 55,515

*Pending at time of publishing (January 2022).

 

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Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

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