It is possible to have a Penalty, even if you're getting a refund. If your federal tax withholdings are not equal to 90% of the current year tax, then you may need to complete Form 2210 to determine if you are required to pay an underpayment penalty.
If you're using TurboTax Desktop, in FORMS, look at Form 2210, which calculates the penalty amount for you, and review the amounts. In TurboTax Online, after you pay for your return, save a PDF copy with 'all forms and worksheets' to review Form 2210.
Form 2210 doesn't need to be filed with your tax return in many cases. It can be used to determine if there is a penalty, and you may be able to delete Form 2210 from your return and have the IRS calculate your penalty and send you a bill if there is one.
Here's more info on Form 2210.
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