Work Opportunity Tax Credit Statistics for Oklahoma

In 2021 the state of Oklahoma issued 45,579 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 through 12/31/2025.

Nationwide, Oklahoma issued 2.19% of WOTC Tax Credits in 2021.

 

Work Opportunity Tax Credit Statistics for Oklahoma 2021:

Work-Opportunity-Tax-Credit-Statistics-Oklahoma-2021

In 2021 the state of Oklahoma issued 45,579 Work Opportunity Tax Credit certifications, or 2.19% overall.

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

 

Oklahoma WOTC Tax Credit Certification 2014 – 2021:

WOTC Certifications Current Pending* Denials Total Requests
2021 45,579 20,774 53,153 119,506
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 (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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