WMR is telling me that my federal tax return has been received and is being processed. What's that mean

"Being Processed", is not a bad thing. I would say it's a good thing since it means you are only that much closer to getting your refund. It means they must first process your return and then approve your refund. www.irs.gov/refunds will give you a personalized date once they approve your refund.

Yesterday my status said we have received your return and it's being processed are funny date will be shown when available . Today it says .. your refund is being processed what does this mean