(in U.S. income-tax law) a special provision allowing part of a net loss or of an unused credit in a given year to be apportioned over one or two preceding years, chiefly in order to ease the tax burden. Compare carry·forward ( def 2 ).

1940–45; noun use of verb phrase carry back Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To carryback
Previous Definition: carryall
Next Definition: carrycot
Words Near: carryback
More from
Synonyms and Antonyms for carryback
More from
Search for articles containing carryback
More from Translator Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
The normal two-year carryback remains available if the small business does not elect the special carryback provision.
Make a claim for a carryback due to a loss or unused credit.
Related Words
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature