Work Opportunity Tax Credit Statistics for Oklahoma

In 2019 the state of Oklahoma issued 40,598 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019.

Nationwide Oklahoma issued 1.96% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Oklahoma 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 30,024 73.95%
Designated Community Resident 2,605 6.42%
Veteran unemp. 6 Mo. 2,181 5.37%
Ex-felon 2,129 5.24%
Long Term Unemployment 1,397 3.44%
Veteran unemp. 4 Wk 754 1.86%
SSI Recipient 469 1.16%
Veteran Receiving SNAP 313 0.77%
Vocational Rehabilitation 268 0.66%
Long term IV-A (TANF) 200 0.49%
IV-A (TANF) 118 0.29%
Disabled Veteran unemp. 6 Mo. 69 0.17%
Summer Youth 29 0.07%
Ticket Holder 26 0.06%
Disabled Veteran 16 0.04%

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

 

Oklahoma WOTC Tax Credit Certification 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
2019 40,598 64,257 34,808 139,663
2018 25,336 68,754 24,425 118,515
2017 38,092 72,092 23,056 133,240
2016 30,094 77,023 33,320 140,437
2015 35,922 63,273 15,808 115,003
2014 25,254 60,736 53,456 139,446

*Pending at time of publishing (May 2020).

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