In 2020 the state of Oklahoma issued 56,901 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 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. WOTC was renewed for five years in 2020, and is active through 12/31/2025.
Nationwide, Oklahoma issued 3.51% of WOTC Tax Credits in 2020.
Work Opportunity Tax Credit Statistics for Oklahoma 2020:
|WOTC Target Group||Total Credits||Percentage|
|Designated Community Resident||3,600||6.33%|
|Veteran unemp. 6 Mo.||2,590||4.55%|
|Long Term Unemployment||1,036||1.82%|
|Veteran unemp. 4 Wk||960||1.69%|
|Long term IV-A (TANF)||380||0.67%|
|Veteran Receiving SNAP||352||0.62%|
|Disabled Veteran unemp. 6 Mo.||61||0.11%|
In 2020 the state of Oklahoma issued 56,901 Work Opportunity Tax Credit certifications, or 3.51% overall.
More about the Work Opportunity Tax Credit’s target groups.
Oklahoma WOTC Tax Credit Certification 2014 – 2020:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (February 2021).
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