turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I efiled my taxes today. I heard the stimulus money is going to be based on latest tax information that was filed. I would like to undo my taxes and hold it for 3 weeks.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I efiled my taxes today. I heard the stimulus money is going to be based on latest tax information that was filed. I would like to undo my taxes and hold it for 3 weeks.

Once a tax return has been e-filed it cannot be canceled, retrieved or changed.

 

For the stimulus - 

Are there income limits on checks? The amount of the checks would start to phaseout for those earning more than $75,000 ($150,000 for joint returns and $112,500 for heads of household). This is adjusted gross income (AGI), not taxable income - so before your standard or itemized deductions.

I efiled my taxes today. I heard the stimulus money is going to be based on latest tax information that was filed. I would like to undo my taxes and hold it for 3 weeks.

I saw….
The payments are expected to be $1,200 per adult for those with adjusted gross incomes of up to $75,000. The threshold for married couples is $150,000 – they are eligible for $2,400 and $500 per child.

 

The phase-out rate is $5 for every $100 above the threshold.
For example, for individuals earning $75,500, the check would be reduced to $1,175.
The benefit phases out entirely for those earning more than $99,000 ($146,500 for heads of household with one child and $198,000 for joint filers without children).

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question