Work Opportunity Tax Credit Statistics for Missouri

In 2020 the state of Missouri issued 54,033 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, Missouri issued 3.33% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Missouri 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 41,305 76.44%
Ex-felon 3,195 5.91%
Designated Community Resident 1,497 2.77%
Long term IV-A (TANF) 1,455 2.69%
Veteran unemp. 4 Wk 1,171 2.17%
Veteran unemp. 6 Mo. 1,156 2.14%
Vocational Rehabilitation 1,130 2.09%
SSI Recipient 1,078 2.00%
IV-A (TANF) 909 1.68%
Long Term Unemployment 503 0.93%
Veteran Receiving SNAP 391 0.72%
Ticket Holder 146 0.27%
Disabled Veteran unemp. 6 Mo. 47 0.09%
Summer Youth 45 0.08%
Disabled Veteran 5 0.01%

In 2020 the state of Missouri issued 54,033 Work Opportunity Tax Credit certifications, or 3.33% overall. Nationwide, Missouri received the most WOTC requests, and currently still has the most pending. Missouri issued the most certifications for the Summer Youth category.

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

 

Missouri WOTC Tax Credit Certification 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 54,033 657,377 75,355 786,765
2019 34,609 42,986 41,062 118.657
2018 77,310 61,608 109,495 248,413
2017 70,366 67,279 60,774 198,419
2016 34,005 58,770 28,342 121,117
2015 36,745 65,778 31,880 134,403
2014 34,794 77,454 30,201 142,449

*Pending at time of publishing (February 2021).

 

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