[ kar-ee-bak ]

  1. (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).

Origin of carryback

First recorded in 1940–45; noun use of verb phrase carry back Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use carryback in a sentence

  • Return rather to your own country, even if you have to carry back some of the goods you have brought.

    A Frontier Mystery | Bertram Mitford
  • I will carry back ten thousand of their champions, chained in pairs, to make sport for my fickle people here in Babylon.

    Sarchedon | G. J. (George John) Whyte-Melville
  • Let all the men in the front of this crowd carry back their guns and stack them at the rear.

    The Code of the Mountains | Charles Neville Buck
  • This was the definite fact which Matt could carry back with him to Northwick's family, and this they knew already.

    The Quality of Mercy | W. D. Howells
  • I had come above three hundred miles on purpose to get a cayman uninjured, and not to carry back a mutilated specimen.

    Wanderings in South America | Charles Waterton

British Dictionary definitions for carry back

carry back

/ tax accounting /

  1. (tr, adverb) to apply (a legally permitted credit, esp an operating loss) to the taxable income of previous years in order to ease the overall tax burden

  1. an amount carried back

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012