The IRS is processing your tax return.
The IRS approved your tax return. This generally takes a few days but it can take longer. This means the IRS is preparing your refund to be sent to your financial institution or you.
The IRS has sent your refund to your financial institution or mailed your check. It may take the financial institution 1 to 5 days to deposit the funds into your account, and it can take several weeks to receive a check.