I received a tax penalty of $228.97 from IRS "failing to pay estimated taxes" . Turbotax caIs taxes, is there an issue I should be aware of ? How to proceed?

[JotikaT2]

Generally, if you don't have enough withheld in taxes as you earn income throughout the year, then you could still be subject to an underpayment penalty.  I recommend updating your W-4 withholding statement with your employer to ensure you have enough withheld from your paychecks to avoid the penalty in the future.

Also see why am I getting an underpayment penalty for more details.

[baldietax]

IRS calculates tax penalty independently of TT, they use the same calculation but if there is any adjustment/difference in the 2023/4 tax information or estimated tax payments in their system vs. what is input into TT that may give a different result.  See lines 1-9 of Form 2210 for the safe harbor calculation, based on the smaller of 100% of your 2023 tax (110% if AGI > 150k), or 90% of your 2024 tax.  If you made estimated tax payments you can check the payments IRS has on record under your account at irs.gov.