Work Opportunity Tax Credit Statistics for Vermont

In 2019 the state of Vermont issued 5,849 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 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019.

Nationwide Vermont issued 0.28% of WOTC Tax Credits in 2019.

Work Opportunity Tax Credit Statistics for Vermont 2019:

WOTC Target Group Total Credits Percentage
SNAP (FS) 3,263 55.79%
IV-A (TANF) 1,403 23.99%
Long term IV-A (TANF) 835 14.28%
SSI Recipient 240 4.10%
Designated Community Resident 53 0.91%
Ticket Holder 32 0.55%
Ex-felon 11 0.19%
Vocational Rehabilitation 7 0.12%
Veteran Receiving SNAP 4 0.07%
Veteran unemp. 4 Wk 1 0.02%
Veteran unemp. 6 Mo. 0 0.00%
Disabled Veteran 0 0.00%
Disabled Veteran unemp. 6 Mo. 0 0.00%
Long Term Unemployment 0 0.00%
Summer Youth 0 0.00%

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

 

Vermont WOTC Tax Credit Certifications 2014 – 2019:

WOTC Certifications Current Pending* Denials Total Requests
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 (May 2020).

 

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