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
- How do I change my address?
- You can update the address of either a beneficiary or an Authorized Legal Representative through your online dashboard under the Settings menu. Generally, an address change to an Oregon ABLE account will not affect the operation of your account. However, all check withdrawals requested with the... Read more
- Can I open or manage more than one Oregon ABLE account?
- A person with a disability may only be the beneficiary of a single ABLE account. However, an individual may manage multiple ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child). If you serve as an Authorized Legal Representative (ALR) you can manage multiple... Read more
- Can I connect more than one bank account to an ABLE account?
- Yes, you can connect more than one bank account to your Oregon ABLE account, as well as multiple types of bank accounts. You can have both savings and checking accounts linked to your account at one time, but you will need to go through the process of connecting each account individually. The... Read more
- Do I use the same login information if I have multiple Oregon ABLE accounts?
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Yes, you will need only one username (email) and password to log in to all the ABLE accounts you manage for either yourself or your beneficiaries.
- 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 $19,000 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, as a security measure, we do not allow for the transfer of funds from one ABLE account to another ABLE account.
- How do I add another Oregon ABLE account?
- If you would like to manage multiple Oregon ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child), you can add a new account in two ways. Logged out, from the sign-up page: Go to the Oregon ABLE home page to sign up for a new ABLE account. During the first... Read more
- How do I manage different bank accounts with multiple beneficiaries?
- If you’re an Authorized Legal Representative (ALR) of more than one ABLE account, you can use the same banking information for multiple accounts, as long as you own or are the ALR on those ABLE accounts. Otherwise, each beneficiary can use one or more bank accounts in their own name, or the name of... Read more
- 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 enroll in an Oregon ABLE account with a paper form?
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The easiest and fastest way to open an Oregon ABLE account is online. If you want to use paper forms for enrollment or managing your account, please visit our Forms page.
