Carryforward
Definition & Meaning
Part of speech noun
Quick meaning: Carryforward is a noun meaning (accounting, taxation) An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.
Meaning
(accounting, taxation) An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.
Word Forms
- carryforwards
Related Words
Related dictionary entries include carryback, carryover, rapport, report, appropriation, credit.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.