Wisconsin 529 Deduction Limit 2024. 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). You deduction is based on your wisconsin income tax filing status.
They range from $235,000 to $575,000. Wisconsin taxpayers who contribute to an edvest 529 account, regardless of their relationship to a child, can deduct up to $3,860 annually per beneficiary from their.
This Amount Is Effective As Of January 1, 2024.
In 2024, individuals can gift up to $13.61 million without paying federal estate or gift tax (up from $12.92 million in 2023).
In 2024, For New Contributions, Up To A $5,000 Reduction From Taxable Income Per Eligible Family Member Per Year (If Wisconsin Resident)** The Reduction Is Available To Anyone.
In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount.
Wisconsin 529 Deduction Limit 2024 Images References :
Wisconsin Taxpayers Who Contribute To An Edvest 529 Account, Regardless Of Their Relationship To A Child, Can Deduct Up To $3,860 Annually Per Beneficiary From Their.
The maximum deduction on contributions made to an.
They Range From $235,000 To $575,000.
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.
