532347
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

According to my reviewed 2018 return, I have $0 tax on Taxable Income of $54000, married filing jointly. According to the 2018 tax tables, tax should be ~$6100. Why?

 
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.

1 Best answer

Accepted Solutions
DanaB
Expert Alumni

According to my reviewed 2018 return, I have $0 tax on Taxable Income of $54000, married filing jointly. According to the 2018 tax tables, tax should be ~$6100. Why?

Did you have any Qualified Dividends and Capital Gains on your return? They are taxed at 0%, 15%, or 20% tax rate depending on your income. The Qualified Dividends and Capital Gain Tax Worksheet is used to calculate the tax if you have Qualified dividends or Capital gains on your return.

View solution in original post

2 Replies
DanaB
Expert Alumni

According to my reviewed 2018 return, I have $0 tax on Taxable Income of $54000, married filing jointly. According to the 2018 tax tables, tax should be ~$6100. Why?

Did you have any Qualified Dividends and Capital Gains on your return? They are taxed at 0%, 15%, or 20% tax rate depending on your income. The Qualified Dividends and Capital Gain Tax Worksheet is used to calculate the tax if you have Qualified dividends or Capital gains on your return.

According to my reviewed 2018 return, I have $0 tax on Taxable Income of $54000, married filing jointly. According to the 2018 tax tables, tax should be ~$6100. Why?

I did have qualified divs. and CG's; thanks for the quick response!

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