http://529.wi.gov/ WebWisconsin taxpayers are eligible for a state income tax deduction for contributions to the Edvest 529 College Savings Plan. The maximum contribution deduction for the 2024 tax year is: $3,860 per Beneficiary for a single filer or married couple filing a joint return; or
Edvest announces 2024 state tax deduction increase
WebApr 1, 2024 · Edvest, Wisconsin’s 529 College Savings Plan, announced the 2024 state tax deduction has been raised to $3,380. Recent updates to the plan also include the … WebMar 15, 2024 · Account owners can choose from 24 investment portfolios, access easy-to-use savings tools and take advantage of in-state tax benefits for Wisconsin taxpayers. Edvest 529 is a tax-advantaged investment, meaning contributions to an account may qualify for a 2024 Wisconsin state income tax deduction of up to $3,560 per beneficiary, … postin väliaikainen noutopiste
What is a 529 plan like in Wisconsin? - edvest.com
WebYes, as long as the person meets the income limitations, and the tuition is paid to one of the qualifying schools listed in 4. above. Applicable Laws and Rules This document provides statements or interpretations of the following laws and regulations enacted as of November 3, 2024: sec. 71.05, Wis. Stats. WebI was looking at deductions and not thinking that a contribution to edvest would be income. It's a little confusing from my chair (and perhaps a WI state filing confusion rather than TurboTax). Regardless, the quick feedback was very much helpful, timely, and appreciated. WebJun 30, 2024 · In 2024, 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 contribute to on behalf of a future college student, such as a spouse, child, grandchild, great-grandchild, niece, or nephew. 1 postin varhaisjakelu häiriö