Wisconsin Tomorrow's Scholar 529 Plan

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Tomorrow's Scholar 529 | 529 Financial Advisors

Tomorrow’s Scholar College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.  See full details about this plan below.
 

Tomorrow's Scholar 529 Plan Details

Type: Advisor. Please contact a financial advisor in your state for assistance.

Fund Family: Multiple Managers and Wells Fargo Funds Management, LLC

Minimums: To get started you can deposit $250 or $25 with an automatic monthly or a payroll deduction plan. Minimum subsequent contributions are $25 with the automatic monthly plan.

Maximum Contributions: Currently, you can contribute up to $330,000 to your Wisconsin 529 plan. Of course, your total amount in the plan can be higher as your investments group. 529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits: By investing in your state’s 529 college savings plan, you can deduct up to $3,000 from your Wisconsin state taxable income. You also get the same benefit for federal income taxes. Out-of-state participants still get the federal tax benefits.

Other Benefits: The SAGE Scholars Tuition Rewards Program allows Tomorrow’s Scholar account owners to receive discounts off undergraduate school tuition at participating private colleges and universities throughout the country.

Residency: Tomorrow’s Scholar is open to all United States residents, not just those in Wisconsin.

You can learn more about this Wisconsin 529 plan at the official website.