Work Opportunity Tax Credit Statistics for Missouri

In 2021 the state of Missouri issued 38,657 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

Nationwide, Missouri issued 1.86% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Missouri 2021:

Work-Opportunity-Tax-Credit-Statistics-Missouri-2021

In 2021 the state of Missouri issued 38,657 Work Opportunity Tax Credit certifications, or 1.86% overall.

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

 

Missouri WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
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 (January 2022).

 

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Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

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