Work Opportunity Tax Credit Statistics for South Dakota

In 2020 the state of South Dakota issued 2,987 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, South Dakota issued 0.18% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for South Dakota 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 1,387 46.43%
Ex-felon 481 16.10%
Designated Community Resident 426 14.26%
Veteran unemp. 6 Mo. 160 5.36%
Veteran unemp. 4 Wk 143 4.79%
Vocational Rehabilitation 98 3.28%
SSI Recipient 91 3.05%
Long term IV-A (TANF) 57 1.91%
IV-A (TANF) 56 1.87%
Disabled Veteran unemp. 6 Mo. 29 0.97%
Veteran Receiving SNAP 27 0.90%
Long Term Unemployment 22 0.74%
Ticket Holder 9 0.30%
Disabled Veteran 1 0.03%
Summer Youth 0 0.00%

In 2020 the state of South Dakota issued 2,987 Work Opportunity Tax Credit certifications, or 0.18% overall.

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

 

South Dakota WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 2,987 2,715 2,970 8,672
2019 4,192 103 4,773 9,068
2018 4,596 180 4,397 9,173
2017 5,016 137 4,928 10,081
2016 8,217 242 7,010 15,469
2015 6,701 1,775 6,068 14,544
2014 1,605 31 1,528 3,164

*Pending at time of publishing (February 2021).

 

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