Waiting on your tax refund? So are a lot of other early filers. The reason for the hold up is probably the IRS itself. A recent bulletin released to tax professionals says that the IRS systems are processing e-filed returns a little slower this year, primarily due to additional security screening. Tax refunds are back up by about a week, and while many tax refunds are deposited within 10 days, I was surprised to learn that 90 percent of refunds don't hit the bank balance for nearly three weeks after the return is filed.
You can use the online tool Where's My Refund to determine when your tax refund should be deposited, but the IRS warns that "projected time frames are subject to revision". In other words, what you see isn't always what you get when it comes to the time projections in the tool.
A reader going by the name Toya wrote a scathing TurboTax review because she did not get her refund as she anticipated, but I really doubt that TurboTax held the deposit up (although someone over at TurboTax could have sent out an email about this issue). If you're using tax software, chances are that the estimated date for your refund is generated by the IRS and funds may be deposited later.