There is a new, bipartisan drive in Congress to expand what are known as 529 education savings accounts by offering a tax credit for annual contributions to such accounts by low- and middle-income families. A 529 plan, otherwise known as a “qualified tuition plan,” is an education savings account designed to help families set aside funds for future education costs. The plans are sponsored by States or educational institutions and are authorized by Section 529 of the Internal Revenue Code. The Boost Savings for College Act, introduced by Senators Richard Burr (NC-R) and Bob Casey (PA-D), would provide a tax…