2025 tax documents landing in an inbox near you
Federal Income Tax Return
If you withdrew funds or rolled over money from your 529 account in 2025, you will receive IRS Form 1099-Q by January 31, 2026 in your mailbox or in your inbox if you have opted in to our paperless program. This form summarizes total withdrawals without differentiating between qualified and nonqualified expenses. Withdrawals for qualified education expenses do not need to be reported on your tax return. However, earnings from withdrawals for nonqualified expenses are subject to federal income tax and may incur a 10% penalty.
Utah Income Tax Return
Utah taxpayers who contributed, withdrew or rolled money in or out of their my529 accounts will receive Form TC-675H by January 31, 2026. This form helps claim Utah state tax benefits and report nonqualified withdrawals, rollovers and transfers on your 2025 state return. A copy will be sent to the Utah State Tax Commission, and you do not need to attach the TC-675H to your state return.
If you do not receive your 1099-Q or TC-675H by January 31, 2026, you may access the tax documents via your online account or by contacting my529.
To find your forms online, log in to your my529 account to view and download your documents by clicking on the Documents icon. Still need to switch to paperless? Visit my529.org/go-paperless.
Roth IRA Rollover Deadlines
Looking to rollover unused my529 funds to a Roth IRA?
To rollover funds from a my529 to a Roth IRA, please complete Form 310, Roth IRA Rollover Request.
The deadline to contribute to your Roth IRA for the 2025 tax year is April 15, 2026. This does not include extensions.
