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Carryforward - What does it mean?

carryforward | |

carryforward

English

Noun

(en noun)
  • (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.
  • See also

    * carryback * (Net operating loss)

    Not English

    has no English definition. It may be misspelled.