Work Opportunity Tax Credit Statistics for Vermont

In 2020 the state of Vermont issued 226 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, Vermont issued 0.01% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Vermont 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 146 64.60%
IV-A (TANF) 46 20.35%
Long term IV-A (TANF) 33 14.60%
Vocational Rehabilitation 1 0.44%
Veteran Receiving SNAP 0 0.00%
Disabled Veteran 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%
Ex-felon 0 0.00%
Ticket Holder 0 0.00%
Designated Community Resident 0 0.00%
SSI Recipient 0 0.00%
Summer Youth 0 0.00%
Long Term Unemployment 0 0.00%

In 2020 the state of Vermont issued 226 Work Opportunity Tax Credit certifications, or 0.01% overall.

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

 

Vermont WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 226 10,532 491 11,249
2019 5,849 9,627 6,388 21,864
2018 132 14,909 107 15,148
2017 52 13,945 6 14,003
2016 790 9,323 607 10,720
2015 174 4,704 154 5,032
2014 2,203 1,477 1,771 5,451

*Pending at time of publishing (February 2021).

 

About Our WOTC Screening Services

Contact Us for More Information or To Get Started Today

In our 23+ years of performing WOTC Screening and Administration we’ve saved millions for our customers.

Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

 

    How can we help you?:

    Share Button