To save this word, you'll need to log in.
car·ry·back | \ ˈker-ē-ˌbak 
, ˈka-rē- \
, ˈka-rē- \Definition of carryback
: a loss sustained or a portion of a credit not used in a given period that may be deducted from taxable income of a prior period
Keep scrolling for more
Keep scrolling for more
More Definitions for carryback
carryback
nouncar·ry·back | \ ˈkar-ē-ˌbak \
\Legal Definition of carryback
: the portion of an income tax deduction (as for a net operating loss) or credit which cannot be taken entirely in a given period and which may be deducted from taxable income of a prior period — compare carryover
Comments on carryback
What made you want to look up carryback? Please tell us where you read or heard it (including the quote, if possible).
Test Your Vocabulary
More Confusing Words—Quiz
- The magician
______moved the selected card to the top of the deck.
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
Test Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridgedWords at Play
Ask the Editors
Word Games
- More Confusing Words—Quiz
How many of these commonly confused words do you know?
Take the quiz - Name that Thing: Toys and Games Edition
It's all fun and games until someone beats your high score.
Take the quiz - Spell It
Can you spell these 10 commonly misspelled words?
Take the quiz - Bee Cubed
Listen to the words and spell through all three levels.
Play the game
Share carryback
Time Traveler for carryback
The first known use of carryback was in 1942
See more words from the same year