Are there any contribution limits?
Yes. There's a minimum $25 contribution to open an Oregon ABLE account, and then any subsequent transactions — including contributions, withdrawals, bank transfers, and gifts — need to be at least $5 each. Individual online contributions are capped at the annual ABLE contribution limit for the year. This includes both standard contributions and ABLE to Work contributions, subject to their respective limits.
There is a maximum balance of $400,000 in Oregon ABLE accounts. Accounts can continue to earn interest beyond the maximum, but no additional funds can be added until the balance dips below $400,000 again.
If you’re receiving Supplemental Security Income (SSI), you can have up to $100,000 in your account without it counting towards the $2,000 asset limit. If you choose to go over the $100,000 limit, your SSI benefits will be suspended, but you’ll still be eligible for all other benefits (such as Medicaid). Once your balance drops below the limit, your SSI benefits will resume as normal.
ABLE to Work Contribution Limit
If a beneficiary is working, the federal ABLE to Work legislative provision allows them to save more than the annual contribution limit. ABLE to Work and standard contributions are tracked separately.
A beneficiary can save up to $15,060 in 2025, or the total of their wages, whichever is less, in addition to the Standard Contribution Limit of $19,000.
For example, if a beneficiary makes $30,000, the most they can save as an ABLE to Work Contribution is $15,060. If they make $5,000 a year, the most they can save as an ABLE to Work Contribution is $5,000.
If the beneficiary is saving for retirement, they cannot take advantage of ABLE to Work. If the beneficiary or their employer is contributing to a defined contribution plan (401k), annuity plan (403b), or deferred compensation plan (457b) during the same calendar year, the beneficiary is not eligible to make ABLE to Work contributions.
