It says you owe $1,847. Your tax liability is $2,336 and you only paid in $553. You are getting a penalty because you didn't pay the full amount you owed for the year. If you only had a tax liability of $553 for 2021, then you can claim a penalty waiver by continuing through and answering yes when TurboTax asks if you would like to see if you can get the penalty waived. It will then ask what your liability was for 2021 as well as your 2021 income. If you paid 100% of your 2021 liability, the penalty will be removed. You can also see if you qualify to annualize your income on the same form which means if you received most of your income in the last quarters of the year, you would be able to lower your penalty. Otherwise, you will likely be charged the full $64.
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