Work Opportunity Tax Credit Statistics for Wyoming

In 2020 the state of Wyoming issued 2,190 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 Wyoming issued 0.14% of WOTC Tax Credits in 2020.

 

Work Opportunity Tax Credit Statistics for Wyoming 2020:

WOTC Target Group Total Credits Percentage
SNAP (FS) 1,229 56.12%
Vocational Rehabilitation 239 10.91%
Ex-felon 201 9.18%
Veteran unemp. 6 Mo. 124 5.66%
Long Term Unemployment 120 5.48%
SSI Recipient 72 3.29%
Designated Community Resident 55 2.51%
IV-A (TANF) 52 2.37%
Disabled Veteran 35 1.60%
Veteran unemp. 4 Wk 27 1.23%
Veteran Receiving SNAP 15 0.68%
Ticket Holder 9 0.41%
Disabled Veteran unemp. 6 Mo. 6 0.27%
Long term IV-A (TANF) 6 0.27%
Summer Youth 0 0.00%

In 2020 the state of Wyoming issued 2,190 Work Opportunity Tax Credit certifications, or 0.14% overall.

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

 

Wyoming WOTC Tax Credit Certifications 2014 – 2020:

WOTC Certifications Current Pending* Denials Total Requests
2020 2,190 17,603 7,121 26,914
2019 2,039 21,086 6,220 29,345
2018 1,749 24,047 4,345 30,141
2017 2,137 24,121 6,295 32,553
2016 16 27,935 89 28,040
2015 0 22,516 0 22,516
2014 0 16,870 0 16,870

*Pending at time of publishing (February 2021).

 

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