Gov. Tony Evers and the Wisconsin Department of Financial Institutions (DFI) on Monday announced a new promotion from Edvest 529, Wisconsin’s direct-sold college savings plan, to help families save for their children’s future education. In celebration of the 2025 NFL Draft being held in Wisconsin, from April 21-27, accounts opened with an initial deposit of at least $25 will receive a $25 bonus deposit from Edvest 529.
As the state’s only direct-sold 529 plan, Edvest 529 offers several services to Wisconsinites including tax-deferred growth on account earnings, tax-free withdrawals to pay for qualified higher education expenses and a state income tax deduction on contributions of up to $5,130 per contributor per beneficiary for single filers or married couples filing a joint return (and up $2,560 for married couples filing separate returns).
For more details, click here to view part of Edvest 529’s new College Savings Connection video series.
