Turbo Tax has calculated my $63,737 in tax able income as a $0 tax liability. I don't understand how, given my tax bracket would indicate a 12% tax rate.

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Did you have any Qualified Dividends and/or Capital Gains on your tax return?

Qualified dividends and Capital Gains 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.