carryback
(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
1Dictionary.com 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 MitfordI 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-MelvilleLet 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 BuckThis 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. HowellsI 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
/ tax accounting /
(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
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
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