carryback
carryback — noun
1. An amount representing a financial loss, deduction, or tax credit from the curre
An amount representing a financial loss, deduction, or tax credit from the current tax year, which a business or individual may subtract from the taxable income reported in a previous year, thereby lowering the tax owed for that earlier period.
Gabriel's construction firm used a carryback to reduce its taxes from last year.
used a carryback to reduce taxes from [prior year]
The accountant said a carryback of research credits would lower Nadia's prior-year tax bill.
carryback of [credit type] lowers prior-year tax
The revised tax code shortened the net operating loss carryback period to one year.
Obi filed an amended return to claim a carryback for his restaurant chain losses.
Mei-Lin's tech start-up claimed a carryback for research credits to reclaim taxes two years ago.
- loss carryback
more specific — names the kind of item being carried back (a net operating loss)
- tax loss carryback
synonymous; emphasises that the item reduces taxable income
- retroactive deduction
broader; can describe any deduction applied to an earlier period, not only tax-specific
- carryover
applies a loss or credit to future tax years rather than previous ones
- carryforward
synonym of carryover; moves the benefit ahead in time
文法句型
carryback + noun (provision / claim / period)
apply / use something as a carryback
用法筆記
Contrast with carryover, which shifts a loss or credit forward to future tax years instead of backward. The noun carryback itself is also used before another noun (carryback provision, carryback claim). In informal business speech, the word may be shortened to 'CB' in internal documents.