Work Opportunity Tax Credit Statistics for Kentucky

In 2020 the state of Kentucky issued 33,370 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, Kentucky issued 2.06% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Kentucky 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 17,299 51.84%
Designated Community Resident 3,399 10.19%
Ex-felon 2,467 7.39%
Long term IV-A (TANF) 2,346 7.03%
Vocational Rehabilitation 1,883 5.64%
IV-A (TANF) 1,492 4.47%
SSI Recipient 1,441 4.32%
Long Term Unemployment 1,208 3.62%
Veteran unemp. 6 Mo. 995 2.98%
Veteran unemp. 4 Wk 353 1.06%
Veteran Receiving SNAP 178 0.53%
Ticket Holder 176 0.53%
Disabled Veteran unemp. 6 Mo. 106 0.32%
Disabled Veteran 23 0.07%
Summer Youth 4 0.01%

In 2020 the state of Kentucky issued 33,370 Work Opportunity Tax Credit certifications, or 2.06% overall.

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

 

Kentucky WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
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 (February 2021).

 

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