Work Opportunity Tax Credit Statistics for Maine

In 2020 the state of Maine issued 1,011 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. WOTC was renewed for five years in 2020, and is active through 12/31/2025.

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.

Nationwide, Maine issued 0.06% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Maine 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 470 46.49%
Designated Community Resident 155 15.33%
SSI Recipient 132 13.06%
Veteran unemp. 6 Mo. 52 5.14%
Veteran unemp. 4 Wk 69 6.82%
IV-A (TANF) 47 4.65%
Long term IV-A (TANF) 38 3.76%
Veteran Receiving SNAP 13 1.29%
Ex-felon 11 1.09%
Vocational Rehabilitation 9 0.89%
Long Term Unemployment 7 0.69%
Summer Youth 4 0.40%
Ticket Holder 2 0.20%
Disabled Veteran unemp. 6 Mo. 2 0.20%
Disabled Veteran 0 0.00%

In 2020 the state of Maine issued 1,011 Work Opportunity Tax Credit certifications, or 0.06% overall.

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

 

Maine WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 1,011 34,462 1,004 36,477
2019 6,436 26,330 6,498 39,264
2018 3,121 28,686 3,651 35,458
2017 4,701 25,965 4,370 35,036
2016 5,188 23,687 3,675 32,550
2015 2,663 19,377 2,504 24,544
2014 5,543 12,570 4,566 22,679

*Pending at time of publishing (February 2021).

 

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