IRS code 150: Tax return filed
- Effect:
- Assesses the tax on your return
- Posts as a:
- Debit
Your original return posted, and the amount is the tax it showed, not your refund.
What code 150 means
Code 150 means the IRS processed your original return and assessed the tax shown on it. In IRS terms, the return establishes the tax module: the account for that tax year.
The amount next to 150 is the tax on your return when you filed it, or as the IRS corrected it during processing. It isn't your refund. It can be $0.00 if your return showed no tax.
An amended return doesn't post as another 150. It shows up as code 977.
Codes often seen with 150
- 806 W-2 or 1099 withholding Credit for the federal income tax withheld from your wages or other income.
- 846 Refund issued The IRS issued a refund for the amount shown.
- 977 Amended return filed Your amended return posted. Any amount here is a payment sent with it, not a change in tax.
- 152 Account details updated by your return Your return updated the identifying information on your IRS record, such as your name or address.
Questions about code 150
Why does code 150 show an amount when I'm getting a refund?
Because the 150 amount is your tax, not your refund. Credits post against that tax, such as withholding (806) and refundable credits (766 and 768). When your credits are more than the tax and nothing holds the account, the IRS refunds the difference, and that shows as code 846.
Is a $0.00 amount next to code 150 a problem?
Not by itself. It means the return showed no tax. Any refund still comes from your withholding and refundable credits.
Source
IRS title: Return Filed & Tax Liability Assessed (Document 6209, Section 8A, page 8A-8).
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TTOC Finder is independent and isn't affiliated with the IRS. This page explains what the code means in general. For your own account, check your IRS online account or Where's My Refund?