Word.ws English Dictionary

carryback

carryback noun: an income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.

Noun

carryback (plural carrybacks)

  1. An income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.
    • Current theft loss rules typically allow losses to be carried back three years and forward 20 years, but the I.R.S plan will allow carrybacks of as many as five years, generally if the loss is for a small business with gross annual receipts of less than $15 million.2009 March 18, Lynnley Browning, “I.R.S. Plans a Deduction for Madoff Victims”, in New York Times

Forms of carryback

pluralcarrybacks

Origin of carryback

From carry + back.

Questions about carryback

What does carryback mean?
Carryback means an income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.
What part of speech is carryback?
Carryback is a noun.
What is the plural of carryback?
The plural of carryback is carrybacks.

Words near carryback in the dictionary

  1. carryability
  2. carryable
  3. carryables
  4. carryall
  5. carryalls
  6. carryback
  7. carrybacks
  8. carrycot
  9. carrycots
  10. carryed
  11. carryforward

Source and license

Adapted from Wiktionary: carryback (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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