OKLAHOMA

Program Name
OK STABLE

State Administrator
Oklahoma State Treasurer

Program Administrator
Vestwell State Savings, LLC, dba Sumday Administration

Enrollment Website
https://www.sumday.com/register/stable

State ABLE Law
Oklahoma HB 2821 establishes the rules for Oklahoma STABLE:

https://okstable.org/files/Documents/HB2821%20ENR.pdf

State Tax Incentives

Beginning with the 2021 tax year, couples can deduct up to $20,000 in contributions per year from their state taxable income. Single taxpayers can deduct contributions of up to $10,000 per year. The tax deduction for OK STABLE is not only available to individuals with disabilities, it can also be used by friends and family who contribute to an account. As with college savings and IRA deductions, contributions made by the tax filing deadline can be claimed on the previous year’s income tax returns.