In itself, nothing to worry about. No one can know exactly when your funds will be deposited. Only the IRS will know what they are doing with any particular return. There are
too many variables that a return can encounter during processing, and differences in bank processing times once
the IRS sends the funds.
The IRS says 9 out of 10 filers who efile and choose direct deposit will get their refunds within 21 days. You can monitor it with the IRS tool mentioned below. Some returns take longer for additional processing due to specific items in the return. Some are pulled at random for more thorough investigation.
Also, if you have EIC (earned income credit, aka EITC) or ACTC (additional child tax credit), the IRS will not start releasing those refunds until February 15. That means people with those types of credits may not start receiving their refunds until around February 27.
NOTE: If you chose to pay any TurboTax fees out of your Federal refund,
that is another link in the chain, since your funds go first from the
IRS to an intermediary bank where the fees are subtracted. Then that
intermediary bank sends the rest of the funds to your bank in a second
direct deposit.
Very helpful answer. Now I know why for the first time in my four years of filing with TurboTax why this is the latest my return has taken to arrive. They forced us to pay for it this year even though our situation hasn’t changed at all, so it’s having to go through the extra process