Work Opportunity Tax Credit Statistics for Arkansas

In 2020 the state of Arkansas issued 16,648 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, Arkansas issued 1.03% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Arkansas 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 7,316 43.95%
Designated Community Resident 3,435 20.63%
Ex-felon 2,322 13.95%
Long Term Unemployment 1083 6.51%
SSI Recipient 808 319.37%
Veteran unemp. 6 Mo. 602 3.62%
Veteran unemp. 4 Wk 382 2.29%
Long term IV-A (TANF) 253 1.52%
Disabled Veteran unemp. 6 Mo. 244 1.47%
IV-A (TANF) 64 0.38%
Veteran Receiving SNAP 59 0.35%
Disabled Veteran 36 0.22%
Ticket Holder 28 0.17%
Vocational Rehabilitation 15 0.09%
Summer Youth 1 0.01%

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

 

Arkansas WOTC Tax Credit Certification 2015 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
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 (February 2021).

 

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