In 2020 the state of Montana issued 3,096 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, Montana issued 0.19% of WOTC Tax Credits in 2020.
Work Opportunity Tax Credit Statistics for Montana 2020:
|WOTC Target Group||Total Credits||Percentage|
|Designated Community Resident||227||7.33%|
|Veteran unemp. 6 Mo.||178||5.75%|
|Veteran unemp. 4 Wk||108||3.49%|
|Long Term Unemployment||63||2.03%|
|Long term IV-A (TANF)||28||0.90%|
|Veteran Receiving SNAP||15||77.00%|
|Disabled Veteran unemp. 6 Mo.||10||0.32%|
In 2020 the state of Montana issued 3,096 Work Opportunity Tax Credit certifications, or 0.19% overall. Montana was among the states with the least WOTC requests, and are one of three states that are completely caught up!
More about the Work Opportunity Tax Credit’s target groups.
Montana WOTC Tax Credit Certifications 2014 – 2020:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (February 2021).
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