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That is the general status for most filers at this time.
Some tax returns take longer to process than others for many reasons, including when a return:
Also, the IRS will hold refunds for EITC and ACTC-related tax returns. The refunds for these Returns cannot be processed by the IRS until Feb. 15th. Even after this date it will take a few day for the IRS to process. Those refunds won't be disbursed until February, 27th.
Please see the following Turbotax FAQ for more information: https://ttlc.intuit.com/replies/5556415
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