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Here's one possible explanation:
Are you speaking of a Federal refund? Did you choose to pay any TurboTax fees out of your Federal refund instead of paying upfront with credit/debit card? If so, in addition to the product fees that payment method also has a $40 service fee ($45 for California filers.)
Also, if you are due a state tax refund, it comes separately in a different deposit.
See this TurboTax support FAQ if your federal tax refund is less than expected - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-direct-deposit-check-l...
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