Wi 529 State Tax Deduction 2024
Wi 529 State Tax Deduction 2024. Wisconsin taxpayers can qualify for a 2024 state tax deduction up to $5,000 for each contributor per beneficiary per year from contributions made into an edvest 529 college savings plan. Saving money in a 529 plan can benefit you at tax time and your money may have more room to grow than it would sitting in a bank account.
May i claim a subtraction for a contribution to a college savings account in a state other than. $5,000 per beneficiary for single filers or married couples filing a joint.
Senate Bill 389, Which Provides A Number Of Changes To The Existing Wisconsin State Tax Deduction For 529 Plan Contributions, Has Been Signed Into Law.
*contributions to a college savings account for 2023 must be made on or before april 15, 2024.
Wisconsin Residents May Enjoy A State Tax Deduction For Contributions To The Plan.
The legislation, passed unanimously by the wisconsin state assembly and wisconsin state senate, modified the wisconsin 529 college savings program and its two.
Wi 529 State Tax Deduction 2024 Images References :
*Contributions To A College Savings Account For 2023 Must Be Made On Or Before April 15, 2024.
36 rows taxpayers in over 30 states may claim a state income tax deduction or tax credit for contributions to a 529 plan.
Effective March 23, 2024, And Applicable To Tax Years Beginning After December 31, 2023, Wisconsin Increases The Amount.
May i claim a subtraction for a contribution to a college savings account in a state other than.