Only you would know if you filled out your return right. It is too early to file. I don't think you can even finish the review section, all the forms aren't ready yet. There will be many program updates to come. Print out your return and check it over before you file. If you don't understand a form, amount or line then ask.
Before filing, You can preview the 1040 or print the whole return
You have not filed your tax return yet. E-filing is not even open yet. The IRS will not begin to accept 2020 returns until the end of January. You cannot file the return until all of your forms are ready. In the Review section you can see which forms are still being revised/being prepared by the IRS or states before you can file.
There are a number of 2020 forms that are still being revised by the IRS. and the states. Click on the REVIEW tab to see what form(s) you are waiting for and when it is estimated to be ready (when operational ….and dates are subject to change) ...
AFTER all of your forms are ready and ALL of your 2020 information has been entered, you will be able to go through the FILE section and e-file. You have to go all the way to a big orange button that says "Transmit my returns now" in order to e-file. Until you do that, you have not filed your return.
After you click that button, you start watching your emails. It might take a few minutes or a few days....
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.
If this is your first time to file a tax return then NOW is the time to ask questions about anything that confuses you. It is a lot easier to fix mistakes before you file than to have to try and sort out mistakes by amending later.
Please be careful about being in too much of a hurry to file your next tax return. Many tax forms are not available at the very beginning of the tax season, so you have to wait for your forms. The software still needs updates at the beginning of the tax season.
Although the software will allow you to e-file in early January, the IRS does not begin to accept the e-files until almost the end of January. So your return just sits on the server. If you realize that you made a mistake or left something out—as many people do—you cannot change it.
Every year we see people who are in such a rush to file that they file incorrectly and incompletely. If you file too early and leave out a W-2 or a 1099, or forget to enter information, you will end up having to amend your tax return---and that takes months. Employers have until February1. 2021 to issue W-2's----and ALL of your 2020 W-2's have to be on the same tax return. Many of the 1099's and 1098's you need do not arrive until late January or sometime in February. If you are getting Earned Income Credit or Additional Child Tax Credit, the IRS is going to hold your refund until the end of February no matter how early you file. There seems to be a greater chance of "early" returns being reviewed and those refunds are delayed, or early returns are more often subject to identity verification--which will also delay processing. Filing too early may just be a recipe for a delayed refund. It might go more smoothly for you if you wait until at least mid-February to file instead of e-filing during the first minute that you can do it.
We know that the IRS is already revising the 2020 Form 1040 because of the 2nd stimulus. That means all tax preparation software programs will also have to be re-programmed and updated. Those changes could take until sometime in late January or even longer—we do not know yet. Do NOT be in a hurry to file your 2020 tax return until more is known. I It is never a good idea to file too early; filing your 2020 return too soon may result in a lot of extra confusion that can be avoided if you wait and file a little later.