How do I take stimulus off of my taxes

MY RETURN IS IN PENDING—what does that mean?

Did you e-file?  Did you click that big orange button that said “Transmit my returns now?”  If so, your return is now in “pending” on a server.  Do not try to change anything while your return is in pending. If your return is rejected you will be able to make corrections before re-filing.

The IRS will not be accepting/rejecting 2020 returns until Friday, February 12, 2021.  You need to watch your emails for the acceptance/rejection notice that may take until mid-February or later to arrive.   And watch your spam folder too.

When you e-file your federal return you will receive two emails from TurboTax.  The first one will say that your return was submitted.  The second email will tell you if your federal return was accepted or rejected.  If you e-filed a state return, there will be a third email to tell you if the state accepted or rejected your state return.

A state return cannot be accepted until the federal return has been accepted.

https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic

We do not know if entering the wrong stimulus amount will delay your refund --- or for how long if it does.   The IRS has not offered any guidance yet on how they will handle returns that have incorrect stimulus amounts entered.  We all just have to wait and see.

If you e-filed your return, you won't be able to change it. It's like putting a letter in the mailbox. You can't retrieve it.

• You'll have to wait until the IRS accepts or rejects your return.
• The IRS has announced that they will begin accepting and processing 2020 individual tax returns on February 12, 2021.

If your return gets rejected, you'll be able to correct the stimulus payment and submit the corrected return.

If your return gets accepted:

• The IRS may correct your return for the stimulus payment in which case you don't have to amend your return.
• If the IRS does not correct your return for the stimulus payment, you'll have to amend your income tax return.
• NOTE: At this time, you're not able to amend a 2020 income tax return. Check the forms availability to see the date you'll be able to amend.

Note: The stimulus money is not taxable income to you.