What does IRS Tax Transcript Code 150 on your tax transcript mean?

IRS tax transcript code 150 generally indicates that a tax return has been filed and that the IRS has acknowledged receipt of the return.
Transaction Code 150 indicates that the return has been received and is in the IRS system. Code 150 does not provide any information about the status of your refund or any issues with your tax return. It simply confirms that the IRS has received your tax return and is processing it. It’s important to note that processing times can vary based on your situation.