The IRS recently released the 2025 Form 5498-ESA (Coverdell ESA Contribution Information). The changes to this version are minimal: the tax year has been updated throughout the form and instructions. Further, copy A has had some editorial changes in the right margin, including the addition of a URL that links to the landing page for the General Instructions for Certain Information Returns.
Recipients should also note that contributions in excess of $2,000 (plus earnings) to a Coverdell ESA in 2025 must be withdrawn by June 1, 2026 to avoid a penalty. This is one day earlier than the 2025 deadline for withdrawing excess contributions.
