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.

[MichaelL1]

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

[17minnsave]

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

[MichaelL1 · Accepted solution]

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]

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