WROC Rochester First
CPA Chris Gamble discussed the benefits of a Section 529 College Savings Plan Monday on News 8 at Sunrise. Gamble said Section 529 plans are tax advantaged education savings plans for college education costs. The name 529 Plan comes from the section of the Internal Revenue Code under which the plans were established in 1996. The savings plans are operated by a state or educational institution and the earnings on the money invested in the plan are tax-free if used for qualified education purposes.