dmertz
Level 15

Retirement tax questions

You are probably inappropriately including qualified dividends or long-term capital gains in the amount that you are looking up in the tax table.  These items of income are taxed at a lower rate and the tax liability must be calculated using the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet.  Given the amount of taxable income you have, these items are taxed at 0%.  The result you got is the expected result if your taxable income included $4,965 of qualified dividends or long-term capital gains.

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