Wisconsin has extended tax deductions in its EdVest 529 college savings plan to grandparents. Beginning with their 2002 tax return, grandparents will be able to deduct up to $3,000 of annual contributions to EdVest per grandchild.

The plan also allows contributors to contribute five years' worth of maximum contributions, or $55,000 by individuals or $110,000 by a married couple, without having to pay gift taxes.

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