Work Opportunity Tax Credit Statistics for Maine

In 2019 the state of Maine issued 6,436 Work Opportunity Tax Credit certifications which more than doubled its count from 2018.

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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019.

Nationwide Maine issued 0.31% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Maine 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 3,280 50.96%
Designated Community Resident 769 11.95%
SSI Recipient 765 11.89%
Long term IV-A (TANF) 342 5.31%
IV-A (TANF) 293 4.55%
Veteran unemp. 4 Wk 246 3.82%
Ex-felon 214 3.33%
Veteran unemp. 6 Mo. 162 2.52%
Long Term Unemployment 121 1.88%
Vocational Rehabilitation 107 1.66%
Veteran Receiving SNAP 68 1.06%
Summer Youth 28 0.44%
Ticket Holder 16 0.25%
Disabled Veteran unemp. 6 Mo. 16 0.25%
Disabled Veteran 9 0.14%

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

Maine WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
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 (May 2020).

 

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