IRS Form 5498-ESA Filing Deadline For 2025 Missing Deadlines Can Cost You—Don’t Risk It! Charles Hardy | Last Updated: May 26, 2025 Explore More Home Form 5498 IRS Form 5498 ESA Deadline Form 5498-ESA Deadline for the 2024 Tax Year If you manage Coverdell Education Savings Accounts (ESAs), it's important to stay on top of IRS reporting deadlines. Form 5498-ESA is used to report contributions made to an ESA for a given tax year, and both the IRS and the account beneficiary must receive this information. Understanding the key deadlines for filing and distributing Form 5498-ESA for the 2024 tax year ensures compliance and keeps your reporting process smooth and timely. Table of Contents: When is the deadline to file Form 5498-ESA? What are the 5498-ESA late filing penalties? Meet your 5498-ESA filing deadline with TaxBandits! When is the deadline to file Form 5498-ESA? For the 2024 tax year, the e-filing deadline to submit Form 5498-ESA to the IRS is June 02, 2025. In addition, you must distribute the beneficiary copy of Form 5498-ESA by April 30, 2025. What are the 5498-ESA late filing penalties? The penalty for failing to file Form 5498-ESA on time is $50 per return, with no maximum limit. However, if the failure is due to reasonable cause, penalties may be waived as stated in section 6693. Section 6693 - Failure to Provide Reports on Certain Tax-Favored Accounts or Annuities; Penalties Relating to Designated Nondeductible Contributions Section 6693 of the Internal Revenue Code (IRC) addresses penalties related to the failure to provide reports on certain tax-favored accounts or annuities, including Individual Retirement Accounts (IRAs), Simplified Employee Pension (SEP) plans, and SIMPLE IRAs. It also covers penalties for overstatements of designated nondeductible contributions and failing to file required forms related to these accounts. Meet your 5498-ESA filing deadline with TaxBandits! Ensure you meet your Form 5498-ESA filing deadline effortlessly with TaxBandits—an IRS authorized e-file service provider! Our software streamlines the reporting process, allowing you to file Form 5498-ESA with the IRS easily. Don’t let the deadline sneak up on you—take advantage of our timely reminders and comprehensive support to ensure compliance. By following these simple steps, you can easily file Form 5498-ESA in a few minutes: Step 1: Create your free TaxBandits account and select Form 5498-ESA. Step 2: Enter Form 5498-ESA information. Step 3: Review Form 5498-ESA information. Step 4: After review, transmit the form to the IRS. TaxBandits will distribute beneficiary copies of Form 5498-ESA through postal mailing, an online access portal, and advanced distribution (which supports both options). Browse by Topics Form 5498 ESA Form 5498 ESA Deadline Form 5498 Resources FAQs Blog Help Videos Revised IRS Form 941 for 2020 × 23 New Data Fields Included in Revised Form 941 × What Business Owners Need To Know About IRS Form 941 ×