carryback

listen to the pronunciation of carryback
الإنجليزية - التركية
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الإنجليزية - الإنجليزية
A income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively
{i} (taxation accounting) sum of money that is transferred to the accounts for the preceding year
– Applying a loss, deduction, or credit to a prior year Carryforward/Carryover – Applying a loss, deduction, or credit to a future year Back to Top
In tax law, this is the loss or unused tax credit for a tax year that may be carried back to prior years to offset previously taxed earnings to create a refund of taxes previously paid Any carryback amount not used in prior years is available as a carryover to future years
carryback
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