TranscriptCodes

IRS code 150: Return filed and tax assessed

Quick answerYour tax return has been processed and the tax on it has been posted to your account. It's usually the first line on an account transcript for the year.
Transcript code150
MeaningReturn filed and tax assessed
Action needed?Usually no

What happens next

Appears once the return is processed. Usually followed by 806 (withholding) and, if you're owed a refund, 846.
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What you should do

  1. No action needed
  2. Check the amount matches the tax on your return
Waiting on your refund? See our estimated IRS refund schedule for 2027 by e-file acceptance week.
IRS code 150 explained: Return filed and tax assessed — what it means and what to do next
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Frequently asked questions

What does IRS code 150 mean?

Your tax return has been processed and the tax on it has been posted to your account. It's usually the first line on an account transcript for the year.

What should I do?

No action needed Check the amount matches the tax on your return

How long does it take?

Appears once the return is processed. Usually followed by 806 (withholding) and, if you're owed a refund, 846.

Sources

Written by the editorial team and checked against the official sources above. See our editorial policy.

By the TranscriptCodes Editorial Team · Last reviewed 2026-11-12.