FAQs
Answers at your fingertips
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- About ABLE
- 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 is a gifting profile?
- We’ve streamlined our gifting process. When contributing to someone’s Oregon ABLE gifting page, family and friends can now create a gifting profile to save their contact and banking information via a convenient personal dashboard. The personal gifting profile offers easy access to set up recurring... Read more
- Can I make regular repeat contributions?
- Anyone who contributes to someone’s Oregon ABLE gifting page can set up recurring contributions—for birthdays, holidays, or just because—and save their information in a convenient gifting profile to streamline future gifting. How to set up recurring gifts: Create a gifting profile while... Read more
- How can I make changes to my gifting page?
- You can easily find your unique URL to share, customize your goal, update your allocation choices, and view gifting activity online at any time. Log in to your Oregon ABLE account Select “Manage” in the bottom left corner of the gifting tile on your dashboard If you would like to turn off your... Read more
- What is a non-qualified withdrawal?
- A non-qualified withdrawal is any withdrawal that is not considered a qualified expense , a taxable withdrawal, or a rollover. Apart from these exceptions, the earnings portion (not the amount you contributed) of a non-qualified withdrawal typically is subject to federal income tax and an... Read more
- Are there tax penalties on withdrawals for non-qualified expenses?
- Yes. If you make a withdrawal from your account for a non-qualified expense, the earnings tied to that distribution will be considered taxable income. A withdrawal used for a non-qualified expense could affect your eligibility for benefits such as Supplemental Security Income (SSI) or... Read more
