Waiting to File Until February 14, 2011 (2/14/11)

One question I hear and see people asking their tax accountant is: "I have to wait until 2/14/11 to file because I have XXXXX form on my tax return.  How long after 2/14 will I receive my refunds?"  The IRS and states will be dealing with a fair amount of volume during those weeks, so it is tough to say.  Typically, a return electronically filed on Monday 2/14 would be direct deposited by Friday 2/25.  However, with the increased volume it is possible that it could slide out until the following Friday.  The best advice I can give is electronically file your return, monitor it for acceptance, and set up your refund to have it direct deposited.  That will get you your refund as soon as possible.