Work Opportunity Tax Credit Statistics for Missouri

In 2023 the state of Missouri issued 43,120 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 2023 it was worth approximately $4.7 Billion dollars to employers. 1,982,858 total Work Opportunity Tax Credits were issued in the United States in 2023. WOTC was renewed for five years, and is currently active through 12/31/2025.

Nationwide, Missouri issued 2.17% of WOTC Tax Credits in 2023.

 

Work Opportunity Tax Credit Statistics for Missouri 2023:

Work-Opportunity-Tax-Credit-Statistics-for-Missouri-2023

In 2023 the state of Missouri issued 43,120 Work Opportunity Tax Credit certifications, or 2.17% overall.

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

 

Missouri WOTC Tax Credit Certification 2014 – 2023:

WOTC Certifications Current Pending* Denials Total Requests
2023 43,120 72,612 74,777 190,509
2022 43,820 79,650 72,929 196,399
2021 38,657 113,675 67,123 219,455
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 2024).

 

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