529 contributions in Wisconsin
Varies
Are 529 Contributions Tax Deductible in Wisconsin?
Short answer: Yes on your Wisconsin return: $5,280 per beneficiary (single or joint); $2,640 MFS. Only contributions to the state's own plan count. Edvest/Tomorrow's Scholar only; any WI contributor qualifies; contributions through April 15 count for prior year; indexed annually.
Carryforward: Yes (excess carried forward). There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in Wisconsin
Varies
Individuals / Personal Taxes
Yes on your Wisconsin return: $5,280 per beneficiary (single or joint); $2,640 MFS. Only contributions to the state's own plan count. Edvest/Tomorrow's Scholar only; any WI contributor qualifies; contributions through April 15 count for prior year; indexed annually.
Business justification
Yes on your Wisconsin return: $5,280 per beneficiary (single or joint); $2,640 MFS. Only contributions to the state's own plan count. Edvest/Tomorrow's Scholar only; any WI contributor qualifies; contributions through April 15 count for prior year; indexed annually. Carryforward: Yes (excess carried forward). There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions