topic Will I need to pay tax on the difference between my taxable income of 26942 and my std deduction of 25300? TT shows that I pay not taxes at all. in Get your taxes done using TurboTax

Will I need to pay tax on the difference between my taxable income of 26942 and my std deduction of 25300? TT shows that I pay not taxes at all.

17minnsave — Tue, 04 Jun 2019 19:55:39 GMT

MichaelL1 — Tue, 04 Jun 2019 19:55:40 GMT

Is some of your income Social Security? Is some dividends or capital gains?

17minnsave — Tue, 04 Jun 2019 19:55:40 GMT

no earned income, just ss, dividends, capital gains and pension/ira withdrawals. $5100 of 40090 ss shows as taxable

MichaelL1 — Tue, 04 Jun 2019 19:55:44 GMT

Due to having capital gains on your return and small amount of taxable income, that is why your tax is $0.

If the Long Term Capital Gains and/or dividends fell within the 10% or 15% ordinary income brackets, your tax rate was an unbeatably low 0%.

Your tax bracket was 10% so the capital gains on your return are $0.

17minnsave — Tue, 04 Jun 2019 19:55:45 GMT

Thanks for your help. Gross income of 60,000 and paying no taxes at all. Not upset with that!