Did you have the Turbo Tax fees deducted from your refund? You are in the Live version which is a higher price and there is an Extra $40 Refund Processing Service charge (45 in California) to have the fees taken out. Or it could be a state refund? Federal and state refunds come separately at different times. At the end Turbo Tax just shows you the federal and state combined. But that is only for your info.