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Wisconsin 529 Tax Deduction

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  • jhwkr542
    replied
    It looks like that's the combined amount for a couple. Divorced and MFS limit is half that.

    Leave a comment:


  • BryanMD
    started a topic Wisconsin 529 Tax Deduction

    Wisconsin 529 Tax Deduction

    With the Wisconsin 529 plans the website states "In 2021, contributions made by any Wisconsin adult reduce their state-taxable income, dollar-for-dollar, up to $3,380 per beneficiary per year."

    Does this mean that a married filing jointly couple can only deduct a total of $3,380 or can each parent deduct $3,380 for each beneficiary they contribute to?
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