Wisconsin 529 Deduction Limit 2024. 3 wisconsin taxpayers can qualify for a 2024 state tax deduction up to $5,000 annually per beneficiary, for single filer or married couple filing a joint return, from contributions made. In 2024, for new contributions, up to a $5,000 reduction from taxable income per eligible family member per year (if wisconsin resident)**.
If you are a wisconsin taxpayer, your contributions to college savings accounts may be deducted from state taxable income up to a maximum of $3,380 per. Good news for those who are utilizing wisconsinโs 529 college saving plan, called edvest, to save for qualified higher education expenses: