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The contribution may be made to an existing account you own, another Wisconsin account, or to a new account. For the 2023 tax year, the maximum deduction is $3,860 per year, per beneficiary ($1,930 for married filing separate status and divorced parents of a beneficiary).

No. There is no income limit that controls who is eligible to open or contribute to a 529 plan account. Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing.

A 529 Savings Plan is a dedicated education savings account. A vehicle designed to save specifically for higher education. These accounts allow for State tax deductions in Wisconsin.

A 529 Savings Plan is a dedicated education savings account. A vehicle designed to save specifically for higher education. These accounts allow for State tax deductions in Wisconsin.

2023 Tax Year: The maximum deduction is $3,860 per year, per beneficiary for married/joint filers ($1,930 for married filing separate status and divorced parents of a beneficiary).

Complete this form to request a distribution from, or to establish a Systematic Withdrawal Plan (SWP) on, your Tomorrow's Scholar account. If you would like help completing this application, contact your financial advisor or call 1-866-677-6933. Information is also available online at .tomorrowsscholar.com.

Annual 529 plan contribution limits 529 plans do not have annual contribution limits. However, contributions to a 529 plan are considered completed gifts for federal tax purposes, and in 2023 up to $17,000 per donor ($16,000 in 2022), per beneficiary qualifies for the annual gift tax exclusion.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232