Work Opportunity Tax Credit Statistics for Kentucky 2014-2021

In 2021 the state of Kentucky issued 54,986 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, Kentucky issued 2.64% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Kentucky 2021:

Kentucky Work Opportunity Tax Credit Statistics 2021 - WOTC

In 2021 the state of Kentucky issued 54,986 Work Opportunity Tax Credit certifications, or 2.64% overall.

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

 

Kentucky WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 54,986 17,118 86,683 158,787
2020 33,370 179,346 54,469 267,185
2019 48,028 162,899 85,219 296,146
2018 56,993 148,304 60,592 265,889
2017 63,078 110,383 78,159 251,620
2016 39,540 120,658 54,185 214,383
2015 40,994 91,271 37,346 169,611
2014 18,476 61,581 18,849 98,906

*Pending at time of publishing (January 2022).

 

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