carryforward

American  

[kar-ee-fawr-werd] / ˈkær iˈfɔr wərd /

noun

1. carry-over.

2. (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 subsequent years, chiefly in order to ease the tax burden.

---

Etymology

Origin of carryforward

First recorded in 1895–1900; noun use of verb phrase carry forward

Example Sentences

Yet another is to use “carryforward” funds.

From Seattle Times

This creates a greater need for loss carryforward and carryback rules, which allow firms with unsteady profits to offset income from profitable years against the losses of unprofitable years.

From Slate

Mr Buffett said he had never taken advantage of the carryforward rule, in a statement on Monday.

From BBC

Mr Trump was asked during the debate by moderator Anderson Cooper if he had taken advantage of the "carryforward" rule, which allows businesspeople to offset a big loss incurred one year against income made in subsequent years for tax purposes.

From BBC

“I have copies of all 72 of my returns and none uses a carryforward.”

From Time