529 Limits 2024 Wisconsin Tax. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. By investing in your state’s 529 college savings plan, you can deduct up to $3,000 of your wisconsin state taxable income.


529 Limits 2024 Wisconsin Tax

$5,000 per beneficiary for single filers or married filing joint, or $2,500 per beneficiary for married filing separate. Over five years, 529 plans allow you to contribute up to $90,000 into a 529 plan without triggering a gift tax.

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