Taxes and your stimulus check have a special link this year. Angela Lang / L 'IRS has launched the tax season 2020 on February 12, which means yous can now officially file your federal income tax returns and receive a tax refund, if the IRS owes you money for an overpayment. But this year the IRS is on the hook for more than just tax refunds. Congress linked the target your federal income tax returns to your first two stimulus payments and can link the relaunch checks go together, how your dependent indicate whether the payment account as taxable income and all you need to know, including money you are owed and if you should expect receive a larger or check smaller than before - - or not at all . How could my 2020 taxes affect the amount of a third stimulus check? This month, lawmakers are deciding on this issue. So far, it looks like Congress could base a in progress 'elaboration and we can only guess the amount of your next payment that your household will receive. (We explain here how the IRS calculates your total payment .) Your AGI may be different from your annual salary or your take-home pay, as it is based on a variety of factors. The IRS may use your AGI on your 2020 return to calculate your third payment. How are taxes, stimulus checks and dependents related? For econd checks, you might receive third stimulus check under everything you need to know about stimulus controls .