FAQs
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- ALR
- Benefits
- Contributions
- Eligibility
- Fees
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Info
- What happens if the beneficiary is no longer eligible for an account?
- When you no longer qualify, you should log in to your ABLE account, go to settings, and update your eligibility. If the beneficiary meets eligibility requirements for any part of the calendar year, they are considered to be qualified for the entire year. Your account will remain open and the money... Read more
- What is the Oregon income tax credit?
- All Oregon taxpayers who contribute to one or more Oregon ABLE Savings Plan accounts can receive tax benefits up to the maximum allowable amount for that tax year. They can receive a state income tax credit up to $360 for joint filers and up to $180 for single filers on contributions made to an... Read more
- What are the benefits of an Oregon ABLE account?
- The Oregon ABLE Savings Plan offers a way to save for qualified expenses, invest for the future and keep the benefits you rely on every day. When you make contributions to an Oregon ABLE account, your money has the chance to grow and earn interest, tax-free. And unlike many other investment... Read more
- What type of disabilities qualify for an account?
- Any disability that meets the disability criteria for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI), and developed before the age of 26, is eligible for an ABLE account. Some of the conditions recognized by the Social Security Administration that could qualify... Read more
- What tax credits could I qualify for?
- You can earn up to $360 in the form of a refundable tax credit on your Oregon state income taxes for your Oregon ABLE contributions. Learn more here. Some ABLE savers qualify for the Saver’s Credit on their federal taxes. Learn more about who qualifies at the IRS’s website. Many savers also likely... Read more
- Are there age restrictions to open an account?
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Your current age doesn’t matter if the disability or blindness developed before you were 26 years old. There’s legislation proposed to raise the age, but for now you can’t open an account if your disability or blindness occurred after age 26.
- Where can I change my password or set up multi-factor authentication?
- Once you log in, select “Security Center” from the dropdown menu next to your profile icon in the upper right corner of the screen. You can also go to your profile and select the “Open Security Center” button next to Login settings. From here, you can make any changes to your account that have to... Read more
- Is there a mobile app for Oregon ABLE?
- If you already have an Oregon ABLE account, you can download the Vestwell app for iOS or Android and take your account with you on the go. You can make contributions, withdraw funds, share gifting pages, and more. Download the app today, log in using your Oregon ABLE username and password, and then... Read more
- Are there any fees associated with gifting to an Oregon ABLE account?
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There is no fee for bank account (ACH) gift contributions and for contributions made via personal check using our offline Gift Form (PDF).
- Where do I find the nearest BottleDrop drop-off location?
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Check out BottleDrop's Location Finder to see your neighborhood's drop-off spot and hours of operation.
