FAQs
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Can I claim the state tax credit for contributions to both an Oregon ABLE account and an Embark account?
- Yes. Oregon residents that have contributed to both an Oregon ABLE Savings Plan account and an Embark account can claim the state tax credit for each plan independently. Therefore, a person is eligible for the state income tax credit for their Embark contributions and eligible for a separate tax... Read more
- How do gift contributions affect your tax credit?
- Everyone who contributes to an Oregon ABLE account can earn an Oregon income tax credit, including friends and family who make gift contributions. But if your loved ones live outside of Oregon and don’t file an Oregon state tax return, the gift contributions they make to your Oregon ABLE account... Read more
- What is the deadline to qualify for a tax credit?
- You can keep contributing to your Oregon ABLE account to earn the previous year’s tax credit all the way up until you file your tax return. Contributions after Tax Day count towards the next year's tax return. This means if you file your 2025 tax return on April 15th, 2026, any contributions made... Read more
