Work Opportunity Tax Credit Statistics for Iowa

In 2020 the state of Iowa issued 11,792 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.

Nationwide Iowa issued 0.73% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Iowa 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 4,655 39.48%
Designated Community Resident 3,178 26.95%
Ex-felon 1,373 11.64%
Long term IV-A (TANF) 506 4.29%
Long Term Unemployment 432 3.66%
SSI Recipient 432 3.66%
Veteran unemp. 4 Wk 325 2.76%
Veteran unemp. 6 Mo. 249 2.11%
Vocational Rehabilitation 240 2.04%
IV-A (TANF) 180 1.53%
Ticket Holder 114 0.97%
Veteran Receiving SNAP 91 0.77%
Disabled Veteran unemp. 6 Mo. 15 0.13%
Disabled Veteran 2 0.02%
Summer Youth 0 0.00%

In 2020 the state of Iowa issued 11,792 Work Opportunity Tax Credit certifications, or 0.73% overall.

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

 

Iowa WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 11,792 155,553 21,754 189,099
2019 30,121 139,312 20,829 190,262
2018 54,376 12,768 119,914 295,058
2017 41,542 161,800 16,973 220,315
2016 27,580 157,576 14,212 199,368
2015 34,020 97,565 16,945 148,530
2014 45,014 81,692 25,325 152,031

*Pending at time of publishing (February 2021).

 

About Our WOTC Screening Services

Contact Us for More Information or To Get Started Today

In our 23+ years of performing WOTC Screening and Administration we’ve saved millions for our customers.

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

 

    How can we help you?:

    Share Button