Work Opportunity Tax Credit Statistics for Iowa

In 2023 the state of Iowa issued 17,895 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 2023 it was worth approximately $4.7 Billion dollars to employers. 1,982,858 total Work Opportunity Tax Credits were issued in the United States in 2023. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, Iowa issued 0.90% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics by Target Group for Iowa 2023:

Work-Opportunity-Tax-Credit-Statistics-for-Iowa-2023

In 2023 the state of Iowa issued 17,895 Work Opportunity Tax Credit certifications, or 0.90% overall.

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

 

Iowa WOTC Tax Credit Certifications 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 17,895 6,598 36,152 60,645
2022 36,552 19,352 52,595 108,499
2021 15,025 50,673 47,106 112,804
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 2024).

 

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