In 2020 the U.S. Virgin Islands issued 24 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, the U.S. Virgin Islands issued 0.001% of WOTC Tax Credits in 2020.
Work Opportunity Tax Credit Statistics for the U.S. Virgin Islands 2020:
|WOTC Target Group||Total Credits||Percentage|
|Veteran Receiving SNAP||0||0.00%|
|Disabled Veteran unemp. 6 Mo.||0||0.00%|
|Veteran unemp. 4 Wk||0||0.00%|
|Veteran unemp. 6 Mo.||0||0.00%|
|Designated Community Resident||0||0.00%|
|Long term IV-A (TANF)||0||0.00%|
|Long Term Unemployment||0||0.00%|
In 2020 the U.S. Virgin Islands issued just 24 Work Opportunity Tax Credit certifications, or 0.001% overall. The only target group certifications were issued for was SNAP (food stamps). Virgin Islands received the least overall requests for WOTC Certification.
More about the Work Opportunity Tax Credit’s target groups.
The U.S. Virgin Islands WOTC Tax Credit Certifications 2014 – 2020:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (February 2021).
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