Work Opportunity Tax Credit Statistics for Maine

In 2021 the state of Maine issued 482 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, Maine issued 0.02% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Maine 2021:

Work-Opportunity-Tax-Credit-Statistics-Maine-2021

In 2021 the state of Maine issued 482 Work Opportunity Tax Credit certifications, or 0.02% overall.

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

 

Maine WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 482 49,875 969 51,326
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 (January 2022).

 

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