carrybacks
carrybacks is the plural of carryback.
Meaning of carryback
Noun
carryback (plural carrybacks)
- 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
Questions about carrybacks
- What is carrybacks the plural of?
- Carrybacks is the plural of carryback.
Words near carrybacks in the dictionary
Source and license
Adapted from Wiktionary: carrybacks (page history and authors); 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.
Last updated:
Cite this entry: “carrybacks.” Word.ws, https://word.ws/carrybacks. Based on Wiktionary, CC BY-SA 4.0.
