Wisconsin 529 Deduction Limit 2024

Wisconsin 529 Deduction Limit 2024. State tax incentives for wisconsin residents in 2024, for new contributions, up to a $5,000 reduction from taxable income per eligible family member per year (if wisconsin resident)** Wisconsin's maximum 529 plan contribution limit is $567,500 as the sum of all wisconsin plan accounts for the same beneficiary (i.e., edvest 529 plus tomorrow's scholar).

In 2021, wisconsin residents who contribute to a 529 plan in the state can deduct up to $3,380 from their wisconsin income tax return for each account they. In 2024, the annual 529 plan contribution limit rises to $18,000 per contributor.