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June 3, 2019
Question

My taxes are wrong

  • June 3, 2019
  • 1 reply
  • 0 views
if my income is 577 over my deductions don't I owe taxes of $59 if I file single?

1 reply

Employee
June 3, 2019

Not necessarily.  If some of that $577 taxable income figure came from long term capital gains or Qualified Dividends, then (in your bracket) those are taxed at 0%.  So your tax amount will be less than the tax table shows.  TurboTax calculates this automatically.