Wisconsin College Savings 529 Plan
Tomorrow's Scholar is a state-sponsored 529 college savings plan administered by the State of Wisconsin. Some key features of the Tomorrow's Scholar College Savings Plan are:
*Any growth or earnings in your account is federally tax free if used for education.
*Withdrawals for qualified education expense are also free from federal tax.
*Reduce from Wisconsin taxation income up to $3,340 (2019 Year) of annual contributions for each child's(beneficiary) account (adjusted annually for inflation).
*The reduction is available to anyone who makes contributions during the tax year, regardless of whether they are the account owner or their relationship to the beneficiary.
*Contributions may be made for the current tax year up to April 15th of the following year.
*Contributions that exceed the maximum reduction amount for a tax year may be carried forward to reduce future taxation income
*Account balance is excluded from calculation of state funded financial aid awards.
*529 accounts are protected from claims by creditors.
Click here to calculate estimated payments
Please contact us or visit the website below for more information about Tomorrow's Scholars.
http://529plans.investments.voya.com/Wisconsin/index.htm