Your original return is on the account; the amount is the tax assessed, not your refund. Here is what it means, what usually happens next, and what to do.
On your account transcript it reads: 150 Tax return filed Normal / good news
TC 150 is the moment your original return becomes part of your IRS account. The amount beside it is the tax liability assessed from your return — your total tax, not your refund — and $0.00 is normal if you owed no tax. The date is the assessment date, and the line usually carries the cycle code and processing date.
Also written as: IRS code 150, code 150 on transcript, 150 IRS code, transaction code 150.
On a clean return, credits post alongside it (806 withholding, 766 and 768 credits) and a TC 846 refund follows, often within one to three weeks of the cycle. If 150 is present but 846 is not, look for a hold code (570, 810, 420) or a 971 notice line — that is what stands between the posted return and the refund.
| On the same transcript | What it usually means |
|---|---|
| 150 + 806 + 846 | Normal processing: return posted, withholding credited, refund issued. |
| 150 + 570 | Return posted but held for review — the refund waits for a 571 or an adjustment. |
| 150 with no 846 and no hold | Often just timing: transcripts update before the refund cycle finishes — check after the next cycle. |
| No 150 at all | The return has not posted yet (or was not received). 'No record of return filed' means the same. |
The 150 amount is tax assessed, not your refund. Refund = credits (806, 766, 768 and payments) minus that liability.
It tells you which posting batch your return processed in — useful to predict when the next update lands.
An 846 means the refund is set; a 570 or 810 means a hold — each has its own page here.
Paste it into the free decoder — every code explained, open holds flagged, refund and offsets summarized. Runs in your browser; nothing is sent anywhere.
Decode my transcript →TC 150 shows the tax assessed from your return — your liability. Your refund is the credits posted to the account (withholding under 806, credits under 766 or 768, payments) minus that liability.
No TC 150 has posted for that year yet. Early in filing season that usually means processing lag; months later it can mean the return was never received, and a CP59 or CP80 may follow.
On your IRS account transcript for the tax year — in your IRS Online Account under tax records, or by mail using Form 4506-T. The transactions section lists each code with its description, date and amount. Return transcripts do not show transaction codes.
Yes. IRS code 150, code 150 on transcript, transaction code 150 and TC 150 all refer to the same three-digit transaction code the IRS posts to your account.