Work Opportunity Tax Credit Statistics for Iowa

In 2019 the state of Iowa issued 30,121 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.

Nationwide Iowa issued 1.46% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Iowa 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 14,608 48.50%
Designated Community Resident 5,814 19.30%
Long term IV-A (TANF) 3,100 10.29%
Ex-Felon 2,498 8.29%
IV-A (TANF) 811 2.69%
Veteran unemp. 4 Wk 797 2.65%
SSI Recipient 601 2.00%
Veteran unemp. 6 Mo. 472 1.57%
Veteran Receiving SNAP 446 1.48%
Long Term Unemployment 445 1.48%
Vocational Rehabilitation 302 1.00%
Ticket Holder 179 0.59%
Disabled Veteran unemp. 6 Mo. 34 0.11%
Disabled Veteran 14 0.05%
Summer Youth 0 0.00%

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

 

Iowa WOTC Tax Credit Certification 2014 – 2019:

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

 

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