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5498 thresholds and deadlines by tax year

The statutory date for Form 5498 is May 31, and both rows above read June 1 for different reasons. May 31, 2026, was a Sunday. May 31, 2027, is a Monday, but it is also Memorial Day. A deadline falling on a Saturday, Sunday, or legal holiday moves to the next business day either way.

Source: IRS, Instructions for Forms 1099-R and 5498 (2026)

What's New on Form 5498 for Tax Year 2026

There is one new code. Box 14b gains code HP, for the repayment of a qualified first-time home purchase distribution. It did not exist on the 2025 form, so a mapping built last season has no column to put it in.

The other change is structural rather than substantive: on the trustee and participant blocks the address fields have been separated into individual entry boxes. Nothing about what you report changes, but a spreadsheet that packed a whole address into one column now maps to several.

No box was added or removed, and the contribution reporting itself is unchanged. For how this compares with the rest of the catalogue, see our tax year 2026 changes page.

What is Form 5498?

Form 5498 is the contributions side of an IRA. The trustee or custodian files it to report what went into the account during the year, what the account was worth at the end of it, and whether a required minimum distribution is due.

It is the mirror of Form 1099-R, which reports what came out. A direct rollover generates both: a 1099-R from the plan that paid it, and a 5498 from the IRA that received it.

Participants receive a copy but file nothing with it. It is an information return, not a form anyone attaches to a return.

What Form 5498 reports

• Contributions to traditional, Roth, SEP and SIMPLE IRAs, including contributions made in the following year for the year being reported.
• Rollovers in, Roth conversions and recharacterizations.
• The fair market value of the account on December 31.
• Whether a required minimum distribution is due for the following year, and its amount or its calculation date.
• Repayments in boxes 14a and 14b, including the new code HP for a qualified first-time home purchase distribution repaid.

Two obligations, two dates

This form has the most misunderstood deadline in the series, because there is more than one. The account value and the required minimum distribution information reach the participant in the main season, by February 1, 2027. The form says so directly: where box 11 is checked and box 12b is empty, the trustee must give the participant the RMD amount, or offer to calculate it, in a separate statement by January 31, 2027 — a Sunday, so Monday, February 1.

The form and its full contribution information are not due until June 1, 2027, and the gap is deliberate. A participant can make a prior-year IRA contribution up to the April filing deadline, so the 5498 cannot be complete until after it.

Meeting the January statement and then forgetting the June filing is the common failure here. They are two separate obligations arising from the same form.

Box 14b codes, and which one is new

Box 14a holds a repayment of a qualified distribution. Box 14b says which kind it was. For tax year 2026 the list gains one code.

If you import from a spreadsheet, HP is the one that has nowhere to go in a mapping built last season. Nothing else in this list moved.

Form 5498 box by box

Box 11 is the one that dates the form: it asks whether a required minimum distribution is due for 2027, which is what makes this the tax year 2026 revision.

Why this form is due in June

Every other form in the series is finished in January. This one is not, and the reason is a rule about the contributions themselves: a participant can make a prior-year IRA contribution right up to the April filing deadline. A 5498 completed in January would be wrong for anyone who did.

So the form and its full contribution information run to June 1, 2027. The statutory date is May 31; it reads June 1 this season because May 31, 2027, is a Monday and Memorial Day, and a deadline landing on a legal holiday moves to the next business day.

One part of it is due much earlier. The account value and the required minimum distribution information go to the participant in the main season, by February 1, 2027. The form states the RMD half directly: where box 11 is checked and box 12b is empty, the trustee must give the participant the amount, or offer to calculate it, in a separate statement by January 31, 2027 — a Sunday, so Monday, February 1 in practice. Sending that statement and then forgetting the June filing is how this form usually goes wrong.

5498 or 1099-R?

The 5498 and the 1099-R share one set of IRS instructions and usually one filer, but not a deadline and not a form. Health accounts are a different pair again: see 5498-SA and 1099-SA.

5498 Pricing

Volume pricing — each band charged at its own rate

Optional add-ons

Included at no extra cost

• Direct IRS e-filing — no Form 1096 needed, it is a paper transmittal
• Free recipient PDF copies to download and share
• Bulk Excel/CSV import and built-in error validation
• CFSF state filing for participating states
• Secure storage of your filing data for 4 years

1099, 1098, W-2G, 5498 forms share this tier table. Volume tiers are counted per form type within a filing, so a large batch of 5498 reaches the cheapest band on its own.