Maximum 529 Contribution 2024 Wisconsin. The maximum deduction on contributions made to an. 529 plan aggregate contribution limits by state.
In 2024, you can contribute up to $18,000 per beneficiary per year before you’d need to file irs form 709. Maximum aggregate plan contribution limits range from $235,000 to $529,000 (depending on the state), but such limits generally do not apply across states.
Wisconsin Taxpayers Are Eligible For A State Income Tax Deduction For Contributions To The Edvest 529 College Savings Plan.
Unlike retirement accounts, the irs does not impose annual contribution limits on 529 plans.
In 2024, You Can Contribute Up To $18,000 Per Beneficiary Per Year Before You’d Need To File Irs Form 709.
Wisconsin taxpayers who contribute to an edvest 529 account, regardless of their relationship to a child, can deduct up to $3,860.
In 2024, The Annual 529 Plan Contribution Limit Rises To $18,000 Per Contributor.
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Suppose You Want To Add More To The Account.
Each state’s 529 plan vendor sets its own aggregate contribution limit.
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.
This is an aggregate contribution limit, meaning the maximum total can be contributed to.
In All But Four States, There Is A Limit On The Amount Of 529 Plan Contributions Eligible For A State Income Tax Break.