Wisconsin 529 Deduction Limit 2024. 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. In 2024, for new contributions, up to a $5,000 reduction from taxable income per eligible family member per year (if wisconsin resident)** the reduction is available to anyone.
Contribution limits for 529 plans range from around $235,000 on the low end to more than $550,000 per beneficiary. 529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary.