Save for their future and enjoy triple tax benefits now
including up to a $5,000 state tax deduction per beneficiary for single or married and filing jointly. Open an Edvest 529 account and contribute by 4/15/2025 to enjoy this state tax benefit on your 2024 Wisconsin return.
Number of days left to get your 2024 tax deduction
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secondsTriple Tax Benefits of an Edvest 529 Account
Your contributions can go further with Edvest 529 plan tax benefits.
Wisconsin state tax deduction
A state tax deduction can reduce your taxable income. WI taxpayers may qualify for a 2024 deduction up to $5,000 for single or married joint filers, per beneficiary, for contributions made into an Edvest 529 account.
100% tax-deferred growth
Any earnings in your Edvest 529 account grow tax-deferred, meaning you don’t pay taxes on the earnings until later. This can help your investments for college grow faster over time, as more money stays in your account and can continue to earn returns.
Tax-free withdrawals for qualified expenses
Earnings accrued in an Edvest 529 account can be withdrawn from an account 100% tax-free at the state and federal level when paying for qualified higher education expenses like, tuition, certain room and board, books, computers and more.
For more details on tax benefits, click here.
Why an Edvest 529 account?
Your plan is financial aid friendly
Your 529 account is typically viewed as a parental asset for financial aid purposes and may count less against aid eligibility than the same funds held in your child's name.1
Your child has options
Savings can be applied to any eligible college or university across the country and abroad, technical colleges and even professional schools and graduate schools.
You have more control
You're never locked in and can withdraw your funds for any reason at any time.2
You enjoy more flexibility
Funds in your child's account are transferable to another eligible family member, which includes siblings, stepchildren, parents, even first cousins.
Dr. Jim Fisher, a retired professor from Pewaukee, has relied on Edvest 529 tax advantages to put multiple children through college:
—Dr. Jim Fisher, Pewaukee, WI"The ability to save and invest money with the earnings growing tax-deferred is huge."
