Work Opportunity Tax Credit Statistics for Iowa

In 2021 the state of Iowa issued 15,025 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.

Nationwide Iowa issued 0.72% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Iowa 2021:

Work-Opportunity-Tax-Credit-Statistics-Iowa-2021

In 2021 the state of Iowa issued 15,025 Work Opportunity Tax Credit certifications, or 0.72% overall.

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

 

Iowa WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
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 (January 2022).

 

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