If a taxpayer contributes to a Wisconsin college savings plan a portion of the contribution can be subtracted from income on the Wisconsin return.
The maximum subtraction varies annually, and the amount for the current tax year can be seen at the Wisconsin 529 website here.
TaxSlayer Pro Desktop - To enter the deductible portion of the contributions that were made in the TaxSlayer Pro desktop program, from the main menu of the Wisconsin return select:
- Total Subtractions
- College Savings Accounts (Schedule CS)
- WI Schedule CS
- New - Enter all required information in each applicable Part
Additional Information: