Wisconsin has made the following changes to the tax laws for the 2024 tax year:
- Additional Child and Dependent Care Credit: The amount of qualifying expenses and maximum credit allowable have been increased.
- College Savings Account: The subtraction for contributions to a Wisconsin state-sponsored college savings account is increased to $5,000 per beneficiary ($2,500 for Married Filing Separately).
- Tuition and Fee Expenses: The subtraction for tuition and fees increased to $7,333 per student and the phase-out range increased. See page 4 of the Schedule SB instructions.
- Blind Worker Transportation Services Credit: This new credit is available for blind persons who pay for transportation services between their home and place of work. The maximum credit is $1,500 per qualifying person. See the instructions for line 15.
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Become an Organ Donor Through Tax Return: You have the ability to register as an organ donor when completing your state return.
To do this within the program:
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- State Section
- Click the three dots (Edit)
- Basic Information
- Anatomical Gift (Organ & Tissue Donor) Registration
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- Angel Investment Tax Credit Transferable: Credits first approved by the Wisconsin Economic Development Corporation to claim on or after March 23, 2024, are eligible to sell or otherwise transfer.
Reminders:
IRS Adjustments – If the IRS adjusted any of your federal income tax returns, you must notify the department within 180 days of any adjustment that affects your Wisconsin income tax returns. See page 9.
For more information regarding these changes, please click here.