FAQs
Answers at your fingertips
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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 make gift contributions?
- It's easy to make contributions to someone else's Oregon ABLE Savings Plan account. You can make online gift contributions for as little as $5 to as much as $19,000 through a beneficiary’s personal gifting page. Simply ask the recipient to send you their unique gifting URL. Or, you can make offline... Read more
- How can I request gift contributions to my account?
- Requesting gift contributions from family and friends is a great way to help you reach your savings goals and it couldn’t be easier. Just sign into your account to find your gifting page information and share your unique gifting URL. You’ll be able to customize your page and select where you would... Read more
- Are there any fees associated with gifting to an Oregon ABLE account?
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There is no fee for bank account (ACH) gift contributions and for contributions made via personal check using our offline Gift Form (PDF).
- Where do I find the nearest BottleDrop drop-off location?
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Check out BottleDrop's Location Finder to see your neighborhood's drop-off spot and hours of operation.
- How do I link an Oregon ABLE account with a BottleDrop account to make automatic contributions?
- It's easy to connect your accounts and set up recurring contributions. 1. Visit bottledrop.com to log in to your BottleDrop account using your username and password. 2. When viewing your account, click “Oregon College Savings Plan." Note: You will go through the process as if you are... Read more
- How do I make a gift contribution through the mail?
- You can make an offline contribution in just a few steps: 1. Download this Gift Form (PDF) and fill it out. 2. Print the completed form and put it in an envelope with a check made payable to the Oregon ABLE Savings Plan. 3. Mail the form and check to: Oregon ABLE Savings Plan P.O. Box... Read more
- What happens when someone sends a gift to my account?
- When a gift contribution is finished processing, you’ll receive an email letting you know that someone has contributed to your account. You’ll also be able to see the gift contribution in your online activity feed if you sign into your account. For security purposes, any gift contributions that are... Read more
- How will my gift contribution be invested?
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Any gift contribution to an Oregon ABLE Savings Plan account is invested based on the preferences and choices of the account owner. Anyone who contributes to an Oregon ABLE account is eligible for an annual state income tax credit up to $360.
- Is there a minimum amount for gifting?
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Yes. Gift contributions can be made online for as little as $5 or as much as $19,000. Every penny counts!
- Can you earn a state income tax credit when you contribute to someone else’s account?
- Yes. All Oregon residents are eligible to contribute to an Oregon ABLE Savings Plan account and claim the state income tax credit. You do not need to be the owner of the account to contribute and claim the tax credit. Please note, each contribution may only be claimed once for tax purposes, either... Read more
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