Max 529 Contribution 2024 Wisconsin. Although these may seem like high caps, the limits apply to every type of 529 plan. 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).
Wisconsin taxpayers can also reduce their 2024 state taxable income up to $5,000 per year. I cannot figure the logic of limiting a divorced parent’s contribution, but there it is.
Wisconsin Offers A State Tax Deduction For Contributions To A 529 Plan In 2024 Of Up To $4,000 Per Beneficiary ($2,000 For Married Filing Separate Status And Divorced Parents Of A Beneficiary).
Suppose you want to add more to the account.
This Limit Is Subject To The Annual Roth Ira Contribution Limit, Which Is $7,000 In 2024.
Accepts contributions until all account balances for the same beneficiary reach $567,500.
Contribution Limits For 529 Plans Range From Around $235,000 On The Low End To More Than $550,000 Per Beneficiary.
Images References :
What Is A 529 Savings Plan?.
Currently, you can contribute up to $330,000 to your wisconsin 529 plan.
You Can Contribute Up To Five Years’ Worth Of Gift Contributions At Once—$90,000 As An Individual Or $180,000 As A Married Couple.
The amount you can contribute to a 529 plan is higher in 2024.
Individual States Sponsor 529 Plans And Have Varying Total Account Maximums Determined By A Given State.
