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
- Do I have to file separate taxes for each ABLE account?
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Each beneficiary account is treated separately. Every account is subject to a separate $18,000 annual contribution limit (or more if the beneficiary has earned wages for that year), and each ABLE account will receive separate tax documents.
- If I manage multiple ABLE accounts, can I transfer funds from one ABLE account to another?
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No, you can’t transfer funds from one ABLE account to another ABLE account.
- How do I add another ABLE account?
- You can own only one ABLE account at a time. However, you can manage multiple ABLE accounts. (For example: a parent who needs an ABLE account for himself and another one for his daughter.) You can add a new account in two ways. Logged out, from the sign-up page: Go to the Oregon ABLE home page to... Read more
- How do I manage different bank accounts with multiple beneficiaries?
- You have plenty of options when it comes to managing banks and/or beneficiaries. If you’re an Authorized Legal Representative (ALR) of more than one account, you can use the same banking information on multiple ABLE accounts as long as you own or are the ALR on those ABLE accounts. Otherwise, each... Read more
- How do I add multiple bank accounts?
- Once you’re logged in to your ABLE account, find your “Accounts” section in Your Profile and click on “Add a new bank account.” Follow the steps to connect a new bank account associated with either the beneficiary of the ABLE account or the Authorized Legal Representative’s name. Keep in mind that... Read more
- What type of bank accounts can I add?
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You can connect a checking or savings account.
- Can money in an ABLE account be recovered in a bankruptcy?
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No. The Oregon ABLE Savings Plan is protected from bankruptcy.
- Can I use ABLE funds to pay for a vacation?
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Yes, a vacation does qualify as an eligible expense as long as it can help maintain or improve the health, independence, or quality of life of the person living with a disability.
- Can I enroll and manage an ABLE account with a paper form?
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The easiest and fastest way to enroll for and manage an ABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find those forms here.
- Can I open a new Oregon ABLE Savings Plan account if my previous Oregon ABLE Savings Plan account was closed?
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Yes, log in to your closed account using your email and password, then find the “Create new account” link to get started.
