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My taxable income is $18,500 but TurboTax shows that I don't owe any Federal income tax, how is that possible

 
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My taxable income is $18,500 but TurboTax shows that I don't owe any Federal income tax, how is that possible

Your taxable income is on line 15 of your Form 1040.  Think of your tax return as a big long math problem.  On the lines after line 15 do you see any credits or amounts for tax withheld?   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

My taxable income is $18,500 but TurboTax shows that I don't owe any Federal income tax, how is that possible

based on your dividends and capital gains, the Tax Code puts your tax at zero. Don't complain.

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