carryforward

[kar-ee-fawr-werd]
noun
2.
(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 subsequent years, chiefly in order to ease the tax burden.
Compare carry·back.


Origin:
1895–1900; noun use of verb phrase carry forward

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Example sentences
Any refund resulting from the carryforward of the new jobs credit should be included in the tentative refund amount.
Any tax credit carryforward that will expire be claimed before any tax credit carryforward that will expire later.
Carryforward of realized losses on shares owned less than three years is allowed.
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