AdamNYC52
New Member

Why am I getting a penalty for underpayment of estimated taxes? I paid my taxes in full last year. Help!

TT is telling me I have a penalty of $41 for "underpayment of estimated taxes".  This has never happened to me before.  I have never estimated my taxes.  Is this a mistake?  I'm completely confused and TT does not offer any help, nor does it explain it anywhere.   I paid my tax bill for 2023 in full and on time last year.  Any insight?