The Deadline to E-file Form (formType) is March 31, 2025.E-File Now
File Form 5498-ESA Online
TaxBandits offers a simple solution to prepare and file Form 5498-ESA, which reports Coverdell Education Savings Account (ESA) Contribution Information.
A Comprehensive Solution for Form 5498-ESA Filing
- Distribute Beneficiary Copies by Mail or Online Access
- AI-powered Assistance at Every Step
- World-Class Customer Support
Powerful Features for Tax Professionals
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Form 5498-ESA: Key Insights
- Form 5498-ESA is an IRS tax form filed by the trustee or custodian (such as banks, credit unions, or brokerage firms) to report contributions made to a Coverdell Education Savings Account (ESA) during the tax year.
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The deadline to e-file Form 5498-ESA with the IRS for the 2024 tax year is
June 02, 2025. - The deadline to furnish a beneficiary copy is April 30, 2025.
Why Choose TaxBandits to E-file Form 5498-ESA?
Explore the features that make TaxBandits the ideal choice for filing 5498-ESA forms online.
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Enhance your tax filing process and optimize workflows with premium features designed specifically for tax professionals.
Team Management
Easily add unlimited team members, assign roles, and delegate 5498-ESA filings for specific clients with our improved team management feature.
Client Management
Exchange documents securely and communicate with clients through the branded secure portal, improving client interactions and strengthening professional relationships.
Custom Reports
Get detailed reports on team and client activities to make informed, data-driven decisions that boost efficiency and performance.
Contact our team at (704) 684-4758 to explore custom pricing options for high-volume filing!
Information Required to E-file Form 5498-ESA Online
The following information is required to complete Form 5498 with the IRS:
Trustee’s or Issuer’s Details:
Name, TIN, Address, and Contact Information of the Trustee/Issuer.
Beneficiary’s Details:
Name, TIN, Address, and Contact Information
Contribution Details:
This includes,- Coverdell ESA Contributions
- Rollover Contributions
Have all the information ready? Start filing your 5498-ESA forms with TaxBandits today!
How to file Form 5498-ESA Online with TaxBandits?
TaxBandits offers an efficient solution for e-filing IRS Form 5498-ESA, a crucial form for reporting Coverdell ESA and rollover contributions.
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Step 1: Select Form 5498-ESA
Select Form 5498-ESA from the dashboard.
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Step 2: Enter Form 5498-ESA Information
Enter the required Form 5498-ESA information manually in the respective fields.
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Step 3: Choose Distribution Options
You can deliver recipient copies via postal mail, online access, or advanced distribution (which supports both).
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Step 4: Review and Transmit to the IRS
Review the 5498-ESA form summary and transmit it to the IRS.
We'll email you updates about the status of your forms. You can also track the status directly from your dashboard.
Ready to E-file Form 5498-ESA with the IRS?
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Frequently Asked Questions About Filing Form 5498-ESA Online
What is Form 5498-ESA?
Form 5498-ESA is an IRS tax form used to report contributions made to a Coverdell Education Savings Account (ESA) during the tax year.
A Coverdell ESA is a trust or custodial account established in the United States to cover a person's educational expenses. The account is set up for a specific individual, known as the beneficiary. To qualify for tax benefits, the account is named as a Coverdell ESA upon its creation.
To learn more about Form 5498-ESA and its filing requirements, visit irs.gov.
Are you ready to report your 5498-ESA Form? Get started with TaxBandits & file in a matter of minutes! Start E-Filing Now
When is Form 5498-ESA E-Filing Deadline for 2024 Tax Year?
- The deadline to distribute the beneficiary copy of Form 5498-ESA is April 30, 2025.
- The deadline to file Form 5498-ESA with the IRS is June 02, 2025.
Learn more about the Form 5498 ESA deadline.
