Dictionary.com

carryback

[ kar-ee-bak ]
/ ˈkær iˌbæk /
Save This Word!

noun

(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).

QUIZZES

QUIZ YOURSELF ON "WAS" VS. "WERE"!

Were you ready for a quiz on this topic? Well, here it is! See how well you can differentiate between the uses of "was" vs. "were" in this quiz.
Question 1 of 7
“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

Meet Grammar Coach

Write or paste your essay, email, or story into Grammar Coach and get grammar helpImprove Your Writing

Meet Grammar Coach

Improve Your Writing
Write or paste your essay, email, or story into Grammar Coach and get grammar help

Origin of carryback

First recorded in 1940–45; noun use of verb phrase carry back
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

Example sentences from the Web for carryback

British Dictionary definitions for carryback

carry back
/ tax accounting /

verb

(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

noun carry-back

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
FEEDBACK