It depends. Did you have unemployment benefits. So to not have to process thousands of amended returns, if you had unemployment benefits the IRS could be holding your return for processing once their systems are updated for the American Rescue Plan Act that excludes the first $10,200 of unemployment benefits, if your adjusted gross income is less than $150,000.
If you have earned income credit and/or additional child tax credit, it is probably delayed. Returns with either of these credits are covered under the PATH act, which gives the IRS authority to delay the refund to verify dependent information on your return. For 2020, the IRS was not issuing refunds for these returns until the 1st week of March.
Do you have any refund offsets such as back taxes, student loans, child support, state obligations (Court costs), etc. This could delay your refund. If you answered the stimulus questions incorrectly, this could delay your refund.
Did you enter the correct stimulus payment information in TurboTax. The IRS is matching payments made to amounts indicated on your tax return. If you received a payment but trying to claim the Recovery Rebate credit, you will be receiving a letter.
Keep checking IRS.gov "Where's my Refund" for the most up to date information.
