Work Opportunity Tax Credit Statistics for Oklahoma

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
SNAP (FS) 44,092 77.49%
Designated Community Resident 3,600 6.33%
Veteran unemp. 6 Mo. 2,590 4.55%
Ex-felon 2,569 4.51%
Long Term Unemployment 1,036 1.82%
Veteran unemp. 4 Wk 960 1.69%
SSI Recipient 661 1.16%
Long term IV-A (TANF) 380 0.67%
Veteran Receiving SNAP 352 0.62%
IV-A (TANF) 269 0.47%
Vocational Rehabilitation 262 0.46%
Disabled Veteran unemp. 6 Mo. 61 0.11%
Ticket Holder 29 0.05%
Summer Youth 27 0.05%
Disabled Veteran 13 0.02%

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
2020 56,901 27,650 47,031 131,582
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 (February 2021).

 

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